The City of San Antonio will likely reduce its property tax rate and increase its homestead exemption as part of next year's budget process.
, the minimum allowed by the state, in 2020. It shaves 0.01% — which amounts to the $5,000 minimum — off the appraised values of homes that are the primary residence of a property owner. The average homeowner will save an estimated $26 next year due to that exemption.
“This is not feeling equitable,” said Councilwoman Phyllis Viagran . “There are homes on the West Side [and] on the East Side that don’t hit that $100,000 mark and they’re being left out. People who don’t have the homestead exemption but live in legacy homes are being left out. And my concern is that there is a message that could be sent that people who own homes over $100,000 or more are valued more than those that do not.
“There’s no question that seeking a change to state law is not an easy task,” Coyle said, especially when the legislature is focused on other issues.
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