City considers increasing exemption for eligible taxpayers

Farmersville Times

City considers increasing exemption for eligible taxpayers

Farmersville taxpayers 65 or older and those who are disabled may see additional tax relief coming their way as soon as next year. Councilmembers discussed the current exemption of $10,000 at the Tuesday, March 12 regular monthly meeting. City Manager Ben White provided data regarding how the city’s assessed value has grown since the exemption was established in 2000.  White cited the city as having $83 million dollars in assessed value in 2000,…