Residents of Fair Oaks Ranch voiced their concerns about property tax exemptions for seniors during the City Council meeting on July 3, 2025. Carol Willoughby, a local realtor and resident, highlighted the need for the city to reassess its $50,000 property tax exemption for citizens aged 65 and older.
Willoughby pointed out that while the exemption was increased from $20,000 to $50,000 in 2022, the rising property values have diminished its effectiveness. She noted that the exemption percentage for seniors has dropped significantly over the past few years, from 8.1% in 2022 to just 6.8% in 2024. This decline, she argued, could render the exemption nearly worthless for retirees living on fixed incomes.
Willoughby urged the council to consider the historical significance of the senior population in Fair Oaks Ranch, emphasizing their contributions to the community through volunteer work and civic engagement. She compared the city's approach to neighboring Boerne, which has frozen its city taxes to attract more retirees, suggesting that Fair Oaks Ranch should adopt similar measures to support its aging residents.
The discussion on property tax exemptions is particularly relevant as the city prepares for future budget considerations. The council's response to these concerns could shape the financial landscape for many seniors in the community. As the meeting progressed, the council acknowledged the importance of these discussions, indicating that they would take the feedback into account moving forward.