Sugar Land City Council took the first step to approve targeted tax cuts for homeowners...
At its June 7 meeting, the Sugar Land City Council took the first steps to approve targeted tax cuts for Sugar Land homeowners.
Each 1 percent increase to homestead exemption is approximately $400,000 in savings to taxpayers. It is consistent with the goal of minimizing residential tax bills, May said. “Based on the 2022 preliminary tax roll, property values in our city are increasing at a rate not seen before,” said Michael W. Goodrum, city manager for Sugar Land. “One way we can address residential value growth is through the homestead exemption, which reduces taxable value by taking a percentage off the assessed value. This ultimately reduces the tax burden for residents.
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