Mansfield approves property tax exemption hike, offering small relief to homeowners

Mansfield homeowners are about to get a little property tax relief.

Mansfield City Council voted this month to increase the homestead exemption to 12%, an increase from 2%. A homestead exemption allows homeowners to save on property taxes by excluding a portion of their home’s value from the assessment.

Mansfield introduced a homestead exemption for the first time in 2020 at 10%.

“With rising costs, many Mansfield residents are re-examining their budgets and seeking any kind of tax relief,” Mansfield Mayor Michael Evans said in a prepared statement. “Increasing the homestead exemption is one way to provide some relief to our landlords.”

Owners who have already received property exemptions will automatically see the planned increase. The increase in homesteading will not affect properties that already benefit from the over-65 tax cap or other freeze exemptions.

With home values ​​soaring, Dallas-Fort Worth homeowners have been hit with big property tax bills. In response, some cities, including Dallas and Frisco, have increased exemptions on homesteads.

To file for a homestead exemption, homeowners must apply with their county assessment district. Mansfield is in Tarrant, Johnson and Ellis counties.

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