阿拉莫大学 区 校董会 Approve $5.6 Million Property Tax Exemptions Increase

At a regular board meeting held on May 16, 2023, the 阿拉莫大学 区 校董会 adopted a homestead property tax exemption for all Bexar县 homeowners as well as an increase in the property tax exemption for homeowners 65 and over, 残疾人, and their surviving spouses. 

The property tax exemptions would amount to a savings of $5.超过372个，600万,000的房主, based on preliminary information from the Bexar县 Appraisal 区. 

The exemptions approved by the 阿拉莫大学 区 校董会 were a homestead exemption of 1% or minimum of $5,000 and an increase for property owners over 65, surviving spouses and disabled homeowners and surviving spouses to $50,000. 

The approved tax relief is meant to give the largest impact to 关闭 to 159,000的房主 who are over 65 or disabled and their surviving spouses. The average reduction would work out to a reduction of $37.29 for homeowners over 65 and their surviving spouses and a reduction of $74.58 for homeowners who are disabled and their surviving spouses.

“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,” said 阿拉莫大学 区 Chancellor, Dr. 迈克•弗洛. “It might mean the difference for many homeowners to afford extra groceries or a prescription medication.”

The 阿拉莫大学 区 began an evaluation of its homestead exemption for property taxes following an August 2022 board meeting in response to rising Bexar县 property taxes. 当时, any adoption or amendment of exemptions would not have been in effect for the current tax year. The recently approved homestead property tax exemption and amendment goes into effect this tax year. 

For more information on how the 阿拉莫大学 区 utilizes Bexar县 property taxes to create impact across our community, 点击这里.