In 2018, the Cedar Park City Council approved a homestead exemption, which automatically deducts $5,000 from the assessed value. The homestead exemption is 1% of the value of the property, with a $5,000 minimum. The homestead exemption also limits the increase in taxable value of a property to 10% per year.
Seniors 65 and older qualify for an exemption of $30,000 off of the assessed value. The City offers a freeze in value for residents over age 65, meaning, once a homeowner reaches age 65, the City taxes they pay on the home will not increase regardless of any future increases on the value of the property.
Disabled persons may qualify for an exemption of $20,000 off of the assessed value.