Not only are property taxes high in Texas, they’re really complicated. That’s why we created this explainer to walk you through the process. We’ll also explore where your tax dollars are going and what you’re getting in return.
As Bexar County homeowners were reminded last year, property values can increase drastically seemingly overnight. That matters because your property taxes are based on your property’s value – and in Texas, which has no income tax, local governments rely heavily on property taxes to pay for schools, public safety and other services.
Limiting year-to-year increases in appraised values protects property owners in hot real estate markets. According to Zillow home value data, the homestead cap has shaved between $700 and $800 off the typical San Antonio residential property tax bill.If your home qualifies for land-use exemptions for agriculture, wildlife management or other purposes, your assessed value might be lower than your homestead value. For most people, though, the two values will be the same.
Every homeowner lives within a single school district. School districts have some of the highest tax rates. Districts that are mostly in other counties may not show up on Bexar County tax bills. A single taxpayer can receive multiple exemptions. The most common is the homestead exemption, which you receive for your primary residence – the place where you live. Someone claiming the homestead exemption can also claim the over-65 exemption. There are also exemptions for people with disabilities and for disabled veterans and their survivors. Once you qualify for an exemption, you do not need to reapply for it every year.
Beginning in late April, taxing units determine what their tax rates will be for the year. They advertise the rates on their websites and hold public hearings in late summer.With appraisals completed, exemptions approved, protests settled and tax rates established, the Bexar County Tax Assessor-Collector calculates your bill and mails it in the first week of October. Payments are due by Jan. 31 of the following year.
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