At the March 6, 2019 meeting the Board of Directors for McKinney MUD 1 voted to adopt a $5,000 disabled or over-65 tax exemption. Per the resolution, for the 2019 tax year, the District will exempt from ad valorem taxation by the District $5,000 of the appraised value of residence homesteads of individuals who are disabled or are sixty-five years (65) of age or older. No person may claim both exemptions, but a person qualifying for both may choose the exemption that he wishes to have applied to his property.
2019 is the first year that MUD 1 is authorizing any sort of tax exemption, so this is positive news for residents.
Residents can view the document on the District’s Documents page.