Does Cedar Park have a homestead exemption? Why?

Yes, as of your tax bill. The Cedar Park City Council recognizes the burden of residential property taxes on you, the taxpayer. This is why City Council has been committed to lowering the tax rate for the past several consecutive years as property values continue to rise. In an effort to provide our citizens property tax relief, our City Council unanimously passed a resolution on April 26, 2018 for the City's first-ever homestead exemption.

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1. What is a homestead exemption?
2. How does the homestead exemption work?
3. Does Cedar Park have a homestead exemption? Why?
4. Are any other exemptions affected by this?