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The Colony
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Homestead exemption stays at 5%

The Colony

Summary

Residents flooded council inboxes asking for a bigger homestead exemption, but with sales tax and hotel tax revenue down and mid-year budget cuts already made, no council member would move to raise it. The exemption stays at 5%, and members said they may revisit it next year if revenues recover.

At a glance

Total mentions
1
Last 30 days
0

Last discussed Jun 16, 2026.

Impact analysis

💰Financial impact

Keeping the exemption at 5% preserves city revenue for police, fire, streets, and wastewater instead of reducing homeowners' tax bills further.

✅Who benefits

Residents who rely on city services, since the revenue stays available for public safety and street repairs.

⚠️Who could be affected

Homeowners who emailed asking for a larger exemption won't see additional property tax relief this year.

Mentions & discussions (3)

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