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Posted on: June 23, 2022

City Council Approves Tax Exemption Increase

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At the June 21 Regular City Council Meeting, Council approved (6-0) an ordinance on the second and final reading, amending Chapter 34, Finance and Taxation, of the Missouri City code; amending taxation exemptions; providing for repeal; and providing for severability. 

Council approved an exemption of $25,000 for seniors (65 and older), $20,000 for disabled persons and 2.5 percent for residential homesteads.

This is the first time all residential homesteads will receive an exemption.

WHAT IS A HOMESTEAD? 

According to Fort Bend Central Appraisal District, a homestead can be a separate structure, condominium or manufactured home located on owned or leased land, as long as the individual living in the home owns it.

A homestead can include up to 20 acres, if the land is owned by the homeowner and occupied for a purpose related to the residential use of the homestead.

WHAT IS A HOMESTEAD EXEMPTION? 

Homestead exemptions remove part of a home's value from taxation.

DO I QUALIFY? 

Visit www.comptroller.texas.gov for more information on how to quality for the 65 and older or disabled persons exemption.

CAN I RECEIVE MULTIPLE EXEMPTIONS? 

In addition to the residential homestead of 2.5 percent, residents can only receive one type of homestead exemption – either the $25,000 for seniors (65 and older) or $20,000 for disabled persons.

WHY NOW? 

Tax Code Section 11.13(n) provides for an exemption from taxation of a percentage of the appraised value of a residence homestead if the exemption is adopted by the governing body before July 1.

“Regardless of whether that amount is one penny or whether that amount is $100,000, any tax relief for our citizens is something I believe is extremely warranted, and if we’re able to do it based on all the scenarios I know I’ve looked at — we have a healthy fund balance, our sales taxes are increasing and we’re really going to be in a good place over the next several years per the forecast — today is a good day to slow-walk ourselves into this and know we’re making the right decision,” Mayor Pro Tem Jeffrey Boney said during Tuesday’s meeting.

HOW DO I RECEIVE THE NEW EXEMPTION? 

If you have not done so to receive exemptions from other taxing jurisdictions, file a Form 50-114 with the County Appraisal District.

WHEN DOES IT GO INTO EFFECT?

If a Form 50-114 is on file with the appraisal district, this goes into effect with the Tax Year 2022 tax statements that will be sent to property owners later this year with a due date of January 31, 2023.  As stated on Form 50-114, generally, the completed application and required documentation is due no later than April 30 of the year for which the exemption is requested with exceptions. For more information, please see Form 50-114.

WHO CAN I CONTACT WITH QUESTIONS?

If you have questions regarding the homeowner exemption, you should call your appraisal district, Fort Bend CAD (281) 344-8623 or Harris County CAD (713) 957-7800.  The application must be filed with the appraisal district, and they are responsible for granting the exemptions.

For other FAQs, see the below links: 

For more updates, please visit the City website: www.missouricitytx.gov, like us on Facebook—fb/MissouriCityTX, follow us on Twitter, Instagram and Snapchat—@MissouriCityTX and Nextdoor, watch Missouri City Television (Ch. 16 on Comcast and Ch. 99 on AT&T) or download the MCTX Mobile app (available for free in Google Play and the Apple app store).

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