City works to create Homestead Preservation District - MyFoxAustin.com | KTBC Fox 7 | News, Weather, Sports

City works to create Homestead Preservation District

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The City Council has set the wheels in motion to look at creating a Homestead Preservation District.

The resolution unanimously passed is in the very early stages.

The goal though is to provide some type of property tax relief for people who live within the zones. The districts which have been identified by city staffers are primarily in East Austin.

The specifics of the proposal like how much it would cost or even exactly how it would work are unknown. That's what the city manager is going to work on in the next 180 days.

Residents in East Austin like 75-year-old Raymond Villarreal say any little bit of help with his nearly $5,000 property tax bill is good.

He wants to stay in the home he bought 50 year ago.

"Sometimes I feel that way because of what I'm paying in taxes. I could go somewhere else and I feel like I wouldn't be paying as much," said Villarreal.

"We certainly look forward to the time when they lower property taxes for everyone in town but the fact they are even looking at reducing at all is a good thing," said Bill Worsham of the Travis County Taxpayers Union.

The Travis County Taxpayers Union says they are watching this proposal closely.

It could be six months before the specifics of the proposal are finalized and up for discussion before council.

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