At a March Commissioners Court meeting, Bexar County manager David Smith and his team revealed that the number of properties with tax exemptions increased by 50,000 since last year, resulting in less revenue for the county.
“A lot more properties were able to access that exemption compared to last year,” Tanya Gaitan, Bexar County budget manager, said. “That is about $10 billion lost in property values, which is pretty significant.”
Property taxes make up 80% of the county’s general fund. Gaitan said the property tax exemptions that Texas voters approved in the fall will take their toll…