Taxpayers would not see an increase to the tax rate from the bond 2020, based on District projections, if voters approve the two bond propositions on the Nov. 3, 2020 ballot.
Together, the proposals total $1.3 billion. No increase in the total tax rate is anticipated to pay off bonds associated with these propositions.
A few combined factors have placed SAISD in a position to issue the bonds without having to raise the District’s total tax rate:
Homestead Exemption for 65 years and older
For residents 65 years and older, their SAISD tax bill will not increase even if their property value increases (excluding property improvements) as long as an approved Homestead and Over-65 exemption application is on file with the Bexar County Appraisal District, and homestead property has been owned as of Jan. 1, of the tax year.
For information about Homestead and Over-65 exemptions, call 210-242-2432 or visit www.bcad.org.