San Antonio: District 4 Councilwoman commends the Proposed Increase to the Disabled Persons Residence Homestead Exemption
Txylo.com/10187268

CONTACT: Rosana Galaviz
Rosana.Galaviz@sanantonio.gov

SAN ANTONIO (May 11, 2022) — The following is a statement from District 4 Councilwoman regarding the proposed $72,500 increase to the Disabled Persons Residence Homestead Exemption:

"During the City Council Budget Goal-Setting Session on April 13th, I advocated for an increase to the disabled persons residence exemption and several councilmembers voiced their support. After seeing how San Antonio compared to other major Texas cities, it was unfortunate to find out San Antonio was ranked the lowest in the state and that no increase to this specific exemption was considered since the last adjustment was made in 2005,"the Councilwoman commented, "As property tax relief continues to be a major concern for our residents, City Council needs to consider the options at our disposal to help vulnerable populations, especially disabled residents. I commend City staff for working swiftly to come up with the proposed recommendation, which will certainly be welcomed by residents who currently qualify for this exemption."

More on Txylo.com

• Fluor Issues Statement Regarding Recent Decision on Pantex Plant and Y-12 National Security Complex Contract Award
• Service Compression Announces Transformative Growth Capital Investment, Permian Basin Acquisition, and Electric Newbuild Program
• Global Changemakers Celebrate Black Women In Film At Cannes Film Festival In Response To Gross Underrepresentation In Competition, over 75-years
• Texas: Governor Abbott Renews Wildfire Disaster Declaration In May 2022
• Governor Abbott Discusses Texas' Booming Economy During Roundtable With Business Leaders In Richland Hills

Currently, the City of San Antonio offers three property tax emptions to property owners:

Effective for tax year 2019, persons with a residence homestead are entitled to a $5,000 exemption of the assessed valuation of their home.

The over-65 exemption is for property owners who are 65 years of age or older and claim their residence as their homestead. This exemption is a maximum of $65,000 of taxable valuation.

A disabled individual who meets the definition of disabled for the purpose of receiving disability insurance benefits under the Federal Old Age, Survivors and Disability Insurance Act administered by the Social Security Administration may qualify for a $12,500 disabled residence homestead exemption.

City Council will be considering the proposed increases to the above three property tax exemptions on June 16th to provide the needed tax relief to Residential Homesteads.

---

Show All News | Report Violation