CONTACT: Bruce Davidson, 210-207-8998
Alex Sarabia, 210-207-8979
SAN ANTONIO (June 24, 2019) — Mayor Ron Nirenberg issued the following statement regarding the City Council’s intent to enact a $5,000 homestead exemption:
“I want to make clear today that I support enacting a $5,000 homestead exemption without a tax rate increase. Homeowners have been asking for property tax relief. I intend to provide it for them with no strings attached.
This requires is a collaborative effort by City Council, and we will be working together closely on this issue.
Regardless of when an exemption is enacted, we will hear concerns that the timing is wrong and worries that we can’t afford it now. The looming impact of revenue caps approved by lawmakers is the latest complication. But we should move forward with the homestead exemption this year because it could be more difficult to enact it in the future. Let’s make the homestead exemption part of the calculus now.
We are talking about trimming $6 million from a $2.8 billion budget. Some might call it belt tightening, but it is more like tightening our shoelaces.
I will identify specific budget reductions to pay for this tax relief without cutting public safety or essential services. And I look forward to hearing my colleagues’ ideas for finding efficiencies as well. These modest budget reductions will not derail our agenda of pursuing equity, providing basic services and preparing our city for ongoing dramatic growth. We will continue to provide a vast array of services to our residents.
This is a clear step forward for homeowners, adding to the city’s $65,000 senior citizen tax exemption and the senior citizen property valuation freeze. The homestead exemption is a progressive policy that has the most impact for homeowners with modest incomes.
I remain committed to protecting small business owners and renters as well as homeowners.
We are awaiting the results of Bexar County Appraisal District study that City Council approved earlier this year in hopes of finding best practices and methods that also will help lower tax bill.”