Exemptions approved by the Alamo Colleges District board of trustees were a homestead exemption of 1% or minimum of $5,000 and an increase for property owners 65 and over, disabled homeowners, and their surviving spouses to $50,000.
According to a May 17 news release, the property tax exemptions would amount to a savings of $5.6 million for over 372,000 homeowners, based on preliminary information from the Bexar County Appraisal District.
Based on preliminary information from the Bexar County Appraisal District, the exemptions would amount to a savings of $5.6 million for over 372,000 homeowners.
“We are pleased to be able to offer this tax relief to taxpayers who are typically on a fixed income and might need the most help,” Alamo Colleges District Chancellor Mike Flores said in the release. “It might mean the difference for many homeowners to afford extra groceries or a prescription medication.”
The approved exemption will go into effect this year. More information here.