A 20 percent homestead exemption for city property taxes is the maximum amount allowed under Texas law.
As home values continue to soar in San Antonio, the city could provide relief by boosting its homestead exemption.City Council is likely to double a property tax exemption for San Antonio homeowners, joining other large Texas cities that haveMayor Ron Nirenberg and council members embraced city staff’s recommendation Wednesday to raise the homestead exemption from 10 to 20 percent, the maximum amount allowed under Texas law.
“I do think this is the time for us to be able to max out our homestead exemption, considering that that is relief that will be provided to residents, homeowners of San Antonio,” Nirenberg said.homestead exemption would exclude 20 percent of a home’s market value from city taxation for people who live in a home they own.
For about 240,000 San Antonians who file for the expanded exemption — if council members approve it — “their tax bill will be less,” Deputy Chief Financial Officer Troy Elliott said.
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