On Thursday, the San Antonio City Council will vote on increasing the city's homestead exemption from 10% to the maximum 20%.
Credit:New property tax relief measures aimed at keeping families in their homes — including an anticipated major increase to the City of San Antonio’s homestead exemption — rely on first getting a homestead exemption application on file with the Bexar County Appraisal District.
Property tax bills for the 2023 tax year will be mailed out October 1, based on property valuations already received by homeowners. “We still have a lot of families that don’t have the residential exemption. … I can’t tell you how that just breaks my heart,” Uresti said.The city and county’s focus on homestead exemptions is relatively new compared to other major Texas metropolitan areas, which maxed theirs out years ago.
The state dictates the types of exemptions taxing entities can create and limits how high they can be set. Efforts to expand the list to include things like a special exemption for homes that have been in a family for generations failed to gain support in the Texas Legislature this year. their own ideas for property tax relief, but Uresti said the Senate’s version would save homeowners an average of about $500 in school district taxes.
The county hospital district also offers a special exemption for people 65 and older, who can take an additional $30,000 off their valuation for that portion of their property tax bill.
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