The San Antonio City Council is set to discuss a possible property tax increase as part of a plan to close a $158 million budget deficit over the next two years. City staff will present a draft version of the annual city budget, which includes the city’s first property tax increase in more than 30 years.

Proposed Tax Increase

Raising the city’s current tax rate by 2.129 cents per $100 of valuation would add about $43 to the 2026 tax bill of a home with $200,000 of taxable value. The proposed increase to 56.288 cents would be the highest since the 2014 tax year.

Council members have mixed opinions on the proposed tax increase. Councilwoman Misty Spears (D9) has stated that she will not support increasing the property tax rate, citing possible utility rate increases and higher costs of living. On the other hand, Councilwoman Phyllis Viagran (D3) believes that an increase is necessary to prioritize and budget for the city’s needs.

The council will not vote on a tax rate or final budget until September 17.

Original reporting: San Antonio, TX News (HLL/CB) — read the source article.