Save money on property taxes with a homestead exemption

SAN ANTONIO, Texas — A lot of San Antonio home owners saw a significant increase in their property tax simply because of soaring property values. An uncomplicated, no cost way to reduced your residence tax bill is the homestead exemption. It will take a flat $5,000 off your home’s worth in the Metropolis of San Antonio.

“If your residence is really worth $100,000, the city will only tax you on $95,000 of residence price,” mentioned Albert Uresti, the Bexar County tax assessor. 

Dependent on last year’s tax charge, homeowners with a property valued at $312,000 saved $28. However, the homestead exemption can help save you substantially more in the extended operate by aiding to maintain your property taxes minimal.

“It limitations the maximize of your house tax,” Uresti said. “So, for occasion, if you have a $100,000 household and the cost doubles or triples, your residence taxes only go up 10 p.c if you have the homestead exemption. So it is really extremely significant to defend by yourself and have that homestead exemption.”

You must personal and live in the household to get the homestead exemption. You will have to have possibly a condition ID or a point out driver’s license that matches the home’s address to use for it. You can post the software both online or in-individual at the Bexar County Appraisal District at 411 N. Frio
San Antonio, TX 78207 . It is cost-free, if you submit it oneself.

“There’s companies out there that will do it for you, but they are heading to demand you,” Uresti claimed. “You really don’t need that.”

You can apply at any time, but use by April 30 and you will get the most rebate achievable.

“If you do it by April 30th you will get the existing calendar year furthermore two several years prior,” Uresti mentioned. “If you owned your dwelling two decades just before you really should be ready to get a refund for the two decades prior.”

Implement after April 30, and you will only get a refund for a person year. You only have to have to apply after and the exemption will past as prolonged as you reside in the property.

“Our mission is to assist maintain family members in their homes,” Uresti mentioned. “These are some of the applications we use to assist our households.”

There are also property tax exemptions for house owners 65 and more mature and disabled veterans.

If you need aid or have concerns, connect with or email the Bexar County Appraisal District at 210-335-2251 or CS@bcad.org.

If you live outside the house of San Antonio town limitations, test with your community appraisal district for facts on a homestead exemption.