The economic boom in San Antonio has resulted in record high tax revenues flowing into the Bexar County Tax Assessor Collector's Office, 1200 WOAI news reports.
Assessor Collector Albert Uresti reports that $2.5 billion in ad velorem taxes were collected during the first half tax collection period, which ended June 30th.
Uresti says just under 98% of Bexar County property owners have paid their property taxes, which is also a record high.
"My administration makes every effort to ensure that all taxpayers are treated fairly and equally," Uresti says. "Our office cannot expect responsible hardworking taxpayers to pay their taxes while others get away without paying taxes. All of us should pay our fair share."
The strong property tax collections are being driven both by the local economic boom, which has resulted in new residents streaming into Bexar County, and construction of new homes reaching a record; and by soaring property values, which are driving up the value of existing homes.
Uresti says in the past several months, several of the major property tax scofflaws have entered into agreements with the Assessor-Collector's office to pay off their debt.
The record property tax collections is expected to place new pressure on San Antonio City Council and Bexar County Commissioners to cut the property tax rate. Earlier this summer, Council actually flirted with a property tax rate increase, despite record property tax income.