City Homestead Tax Exemption to be Proposed Today

Two north side members of City Council today will call for a study on whether a city homestead property tax exemption should be included as part of the city's 2020 budget, which Council will begin putting together this summer, News Radio 1200 WOAI reports.

John Courage, who represents the city's north central District 9, and Clayton Perry, who represents District 10, on the northeast side, say San Antonio is the only major urban area in the state that does not include a homestead exemption as part of its annual budget.

Perry has made creating a homestead exemption a keystone of his Council tenure.

The two members did not say how large the homestead exemption should be, but the propsoal comes as state officials are also looking at an expanded homestead exemption as a way to give strugging homeowners relief from property taxes which are rising due to skyrocketing property appraisals.

A homestead exemption allows a person who lives in a home to deduct the amount of the exemption from the totoal amount of the home's appraised value the homeowner must pay property taxes on. For example, if a $20,000 city homestead exemption were approved by City Council, the owner of a $250,000 home would only have to pay property taxes on $230,000 or value.

The state already has a $25,000 homestead exemption in place, and there is talk among lawmakers of raising that to as much as $100,000.

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