The city council is gathering for a meeting on Thursday, June 16th.

Relevant Action Item from the meeting agenda:

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Ordinance approving (A) an increase, beginning January 1, 2022, in: (1) the general residence homestead exemption in the City for an individual in an amount equal to 10 percent of the appraised value of the residence homestead or the statutorily mandated minimum of $5,000; (2) homestead property tax exemption for persons 65 years of age or older from $65,000 to $85,000; and (3) homestead property tax exemption for disabled persons from $12,500 to $85,000; and (B) amendments to Chapter 31 of the City Code of San Antonio, Texas to increase such exemptions. [Ben Gorzell Jr., Chief Financial Officer; Troy Elliott, Deputy Chief Financial Officer]

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Full Agenda Here

How could this help you?

• Increase the city's current homestead tax exemption from .01% to 10% which saves a property assessed at $300,000 about $164 in total savings. At least 240,000 households could take advantage of an increased homestead exemption if passed.
• Increase the over-65 tax exemption from $65,000 to $85,000 which would impact around 103,000 households.
• Increase the disabled persons tax exemption from $12,500 to $85,000 which would provide savings for roughly 7,000 homeowners.
• Lower the city's existing tax rate, which will not only provide additional relief to homeowners but will provide relief to small business owners and housing providers and their tenants who are struggling due to affordability challenges in the rental housing market.

You can follow this link and guide to quickly send a pre-written note to your city council member and the mayor. Takes a little info and a couple of clicks.

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"One of the penalties of refusing to participate in politics is that you end up being governed by your inferiors."

Plato

For sure. This is a much bigger issue than can be settled in a City Council meeting.

That being said- you have to fight the battles to win the war!

Sounds like we will get a small break.

https://www.ksat.com/news/local/2022/06/16/san-antonio-homeowners-get-a-property-tax-break-as-council-raises-exemption-rate/

Small victory!

Looking forward to seeing how this turns out...

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"The city also plans to lower its tax rate later this year, which would affect all properties in the city."

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