Home News Can You Explain the Upcoming Property Tax Changes in San Antonio?

Can You Explain the Upcoming Property Tax Changes in San Antonio?

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Mansion Global asks property tax lawyers weekly tax questions. This is this week’s question.

Q. Please explain the proposed change in housing tax exemption in San Antonio, Texas.

In mid-June San Antonio The city council has approved a proposal by the San Antonio Real Estate Agents Commission (SABOR) to raise the city’s housing tax exemption from .01% to 10%.It’s a move aimed at saving homeowners’ money Property tax As a tax exemption, some of the value of the house is exempt from taxation.

Owners of a home valued at $ 270,000 can save about $ 137 a year on a 10% tax exemption. Prior to this change, the city offered a 0.01% home exemption since 2019.


According to SABOR, the council also “agrees” with a proposal to raise tax exemptions for people aged 65 and over from $ 65,000 to $ 85,000, resulting in property tax savings for about 103,000 households. Finally, the city council approved SABOR’s proposal to raise tax exemptions for persons with disabilities from $ 12,500 to $ 85,000. The changes will take effect in 2023.

SABOR has made an additional proposal to lower San Antonio’s current tax rate to further save homeowners, but the city council has not yet voted for it.

There is an inside story about how this proposal came about. Home prices in San Antonio, along with other parts of Texas, have risen sharply over the last decade and have seen the most dramatic rises over the past year. According to SABOR, average home selling prices in metropolises in south-central Texas are currently $ 395,847, up 20% from April 2021.

Looking at patterns over the last decade, San Antonio-based tax lawyer Dustin Wittenburg, who specializes in property taxes, said the surge was particularly high in some low-income areas. “In a neighborhood like Government Hill, prices have gone from about $ 30,000 to about $ 140,000,” he said.

more: Salt Lake City is expected to raise its property tax rate for the first time in eight years

Higher home prices mean that San Antonio homeowners will have to pay more property taxes when their homes are revalued. According to Whittenburg, this happens on January 1st of each year. “Homeowners are furious and pay more and more taxes each year as appraisal prices continue to rise,” he said. “These new tax cuts will give them some relief.”

But he said this grace is only temporary, as San Antonio’s home prices are likely to continue to rise over the next few years.

Click to read tax experts share answers and advice for your imminent tax questions

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