The change increases the homestead exemption for residents from 10 percent to 20 percent.
Homes in the Luckey Ranch subdivision are seen in a Tuesday, Nov. 1, 2022 aerial photo. San Antonio residents who live in homes they own will be able to claim a 20 percent exemption from their home's market value, an effort to provide property tax relief amid rising values.San Antonio City Council voted unanimously Thursday to raise the city’s property tax exemption for homeowners to the maximum amount allowed under Texas law.exempted from taxation from 10 to 20 percent.
Chief Financial Officer Ben Gorzell said the total tax relief citywide is expected to total about $134.1 million in 2024, up from almost $95 million in 2023. The city of San Antonio property tax makes up about one-fifth of homeowners' property tax bills, while the remainder comes from Bexar County, school districts, the San Antonio River Authority and University Health.
The city is doing what it can, District 3 Councilwoman Phyllis Viagran said, and others need to pay attention. “Now it’s time to demand that they follow,” she said.
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