Credit:Single-family home values increased an average of just 2.4% this year, the lowest year-over-year change in more than a decade, according to the Bexar Appraisal District, which just mailed appraisal notices to 540,000 property owners in the county.
Other taxpayers — even those playing catch-up under the 10% homestead cap — could feel some relief, thanks to a school districts’ homestead exemptions, which more than doubled last year. The taxable value then goes up by a maximum of 10% each year until it catches up to what the district determines is the market value of the home. So while this year your home’s market value may have gone up less than 10%, your taxable value could still go up the full 10%.
With appraisal notices comes protest season, when property owners can appeal the market valuation of their homes or commercial properties. The deadline for owners to appeal is May 15.
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Here's what you need to know about your Bexar County home appraisalOn average, the market value of single-family homes across Bexar County increased 2.4% in 2024 after double-digit jumps in 2023 and 2022.
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