SAN ANTONIO (KTSA News) – The San Antonio City Council this afternoon will meet in a special session to vote on a homestead exemption for all San Antonio property owners.
The proposed $5,000 exemption would amount to a savings of nearly $30 a year for the average homeowner.
It’s something District 10 Councilman Clayton Perry has been working on for the past two years.
“I’m just very, very happy that our council is recognizing that we need to do something, and this is the right thing to do for our homeowners here in San Antonio,” Perry told KTSA News.
While that may not seem like a lot of property tax relief, Perry says it’s a good start. He notes that it’s in addition to tax relief coming from Texas Senate Bill 2, which limits the amount of tax revenue local governments can collect before having to go to voters for approval. The state law will go into effect in 2021.
The possibility of an increase in the property tax rate was discussed at the city council’s budget work session Friday, but Perry is confident that won’t happen.
“I’ve got data showing that we’re going to be able to find the money in our budget to pay for this without raising the tax rate,” said Perry.
Council members will vote on the homestead exemption during a special session at 5 this afternoon in the Norma Rodriguez City Council Chamber.
They’re working under a July 1 deadline mandated by the state to propose an exemption.