As home and property values continue to, the City of San Antonio is expected to cut its property tax rate for the second year in a row and possibly offer additional relief for property owners.
– As home and property values continue to rise, the City of San Antonio is expected to cut its property tax rate for the second year in a row and possibly offer additional relief for property owners.
Because the market value of existing property around Bexar County is up 13% on average over last year, the city is all but guaranteed to pursue tax relief efforts for FY 2024 to stay below the cap. Those measures would apply to this year’s tax bills. The homestead exemption could be raised as high as 20% of a home’s taxable value, Elliott said, while the exemptions for senior disabled homeowners have no limit.Nirenberg asked for recommendations “where we can target residents with the most relief who need it the most.”
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