“Our strategy was to give everybody something,” City Manager Erik Walsh said of the plan to direct exemptions toward homeowners who live in their homes, people who are disabled and people at least 65 years of age. Story by AndreaDrusch.
for its portion of a resident’s property taxes earlier this month, citing the need to direct tax relief toward young families.
Documents provided by the city show an estimated reduction in the property tax rate, from $0.558 per $100 of valuation to $0.545 per $100 of valuation, though exact numbers won’t be known until revenue is finalized later this fall. Under the plan City Council is set to consider Thursday, a property assessed at $300,000 would see about about $164 in total savings from the increased homestead exemption, according to the San Antonio Board of Realtors, which favors the measure. Roughly 247,000 homes in San Antonio currently qualify for a homestead deduction.