San Antonio’s property taxes the ninth-fastest growing in the U.S., study finds

Property taxes in San Antonio jumped 43% over the past five years, one of the largest such increases for any major U.S. metro, according to a new report from online real-estate marketplace RedFin.

On average, San Antonio homeowners paid $449 a month, or $5,388 annually, in property taxes as of August of this year, That compares to $314 monthly and $3,768 annually for August 2019.

Tally the numbers, and the Alamo City had the nation’s ninth-highest jump in monthly property tax payments over the study period, according to RedFin.

RedFin determined where property taxes had risen the most by analyzing tax records and multiple listing-service stats in the nation’s 50 largest metro areas. Researchers then compared house payment data between August 2019 and August 2024.

The metro areas where property taxes have risen the most in the past five years are:

1. Indianapolis +67%
2. Atlanta +66%
3. Jacksonville, Fla. +60%
4. Tampa, Fla. +57%
5. Miami +48%
6. Fort Lauderdale, Fla. +48%
7. Orlando, Fla. +47%
8. Fort Worth +44%
9. San Antonio +43%
10. Dallas +41%

The vast majority of metros that experienced big jumps in property taxes are located in the Sunbelt, according to Redfin’s report. Of the 10 metros with the highest gains, five were in Florida and three were in Texas.

Texas has some of the nation’s highest property tax bills due to the state’s lack of an income tax — something voters even agreed to enshrine in the state’s constitution. In the Lone Star State, property taxes fund both public schools and essential services such as police and firefighters.

When it comes to other Texas cities, Fort Worth residents now pay about $508 a month in property taxes, while Dallas residents pay an average of $573.

Even so, some relief may be on the horizon for Texas homeowners.

Last year, the Texas Legislature passed a $12.7 billion package that included tax breaks for homeowners while allocating additional state funds to public schools.

Dozens of property tax relief-related bills have also been filed before next year’s state legislative session. However, it remains to be seen how big a chance, if any, those proposals have of getting passed, and what effect their suggested cuts would have on schools and essential services.

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This article appears in Nov 13-26, 2024.