EDINBURGH – The city council passed a measure that will offer homeowners tax relief amid a pandemic that has rocked the economy.
Edinburg council members unanimously approved the City of Edinburg property tax exemption exemption COVID-19, which will essentially subtract $ 5,000 from the valuation of the family home, the staff announced in a press release Wednesday. .
The tax exemption is intended to provide Edinburg homeowners financial relief as a result of the massive job cuts, Edinburg Mayor Richard Molina said in the statement.
“People are facing real financial difficulties during this pandemic,” Molina said, noting that the council wants to ease that burden. “People have lost their jobs and are struggling to pay their mortgages. They have enough to worry about …
The measure allows homeowners who qualify for the home exemption to save an additional $ 5,000 on their property valuations, authorities said.
Staff estimated that it will cost the city approximately $ 800,000 to offer this tax relief to its residents.
Those who already have a Homestead Waiver status will automatically receive the savings, authorities said. Those who are unsure if they have the exemption can verify their status by visiting www.hidalgoad.org, clicking on “Property Search” and entering their home address.
“If you see ‘HS’ in the exemption category, no further action is needed,” City of Edinburg staff said in the press release.
Those who do not have it can apply for the housing exemption by downloading forms at http://www.hidalgoad.org/forms/50-114.pdf and sending them, along with the appropriate documentation, to the Hidalgo County Evaluation District for consideration as of January 2021.
“We hope that providing tax relief will help everyone as they recover,” Molina said.
