Question: How Much Are Property Taxes in San Antonio, and How Much Extra Will They Add to My Mortgage Payment?
Answer: Property taxes are one of the biggest surprises for buyers moving to San Antonio, especially buyers coming from states with lower property tax rates. In Texas, you do not pay state income tax, but property taxes can make a major difference in your monthly mortgage payment. Property taxes are based off your county appraisal districts “assessed” value, which is a huge difference between the “market value” of your home and what you can actually sell it for. If you’re trying to figure out how much your property taxes are for the year, here’s the math equation to help you find the answer:
Take the assessed value and divide by 100 then multiply that answer by the current tax rate (see below)
Example: Assessed value is $900,000➗100 = 9,000….9,000 x 2.07=$18,630 ($1,552.50/month)
Or you can take $900,000 x .0207 =$18,630.00 ($1,552.50/month)
(Alamo Heights tax rate used for example)
Here’s the current tax rates for each neighborhood, township or subdivision in San Antonio…Don’t see your neighborhood? Call me anytime to find out your current tax rate
Alamo Heights: 2.07
Terrell Hills: 2.05
Olmos Park: 2.21
Monte Vista: 2.44
Hollywood Park: 2.20
Shavano Park: 2.06
Inwood: 2.29
Hill Country Village: 1.87
Mahncke Park: 2.44
Northwood: 2.26
Oakwell Farms: 2.26
Terrell Heights: 2.24
Tobin Hill: 2.44
Olmos Park Terrace: 2.44
King William: 2.44
Lavaca: 2.44
Dignowity Hill Historic District: 2.44
Castle Hills: 2.30
Elm Creek: 2.29
Stone Oak: 2.26
Timberwood park: 1.79
Dominion: 2.29