Taxes

Renowned artist Carlos Cortes will be going to jail after pleading guilty to charges in federal court in San Antonio that he failed to file tax returns for four years.

U.S. magistrate judge John Primomo handed down the maximum sentence for the well-known sculptor, ordering Carlos Cortes to jail for a year and ordering him to pay the government more than $400 thousand dollars he owed in back taxes.

The Volunteer Income Tax Assistance Program (VITA) kicked off today in a joint event with the City Council, United Way of San Antonio, Catholic Charities of San Antonio, and the San Antonio VITA coalition as part of National Earned Income Tax Credit Awareness Day. 

Ryan E. Poppe

AUSTIN — A newly struck budget deal is giving new Republican Gov. Greg Abbott the tax cuts he demanded but remains blemished by skepticism that Texas homeowners will notice any savings.

Ending weeks of discord between the House and Senate, the agreement late Thursday on a $3.8 billion package of new exemptions puts Abbott close to signing Texas’ biggest tax cuts in a decade and the bragging rights of finishing his first legislative session on time.

Republicans campaigned hard on tax cuts in 2014, and after the Legislature adjourns June 1, they can boast to voters back home they delivered. But even House Republicans have doubted their base will feel roughly $120 knocked off their property taxes, given fast-rising home appraisals in Texas, is enough.

Bexar County Appraisal District

As Bexar County homeowners open their annual appraisals, many are surprised at the jump in their property values.

Coming on the heels of last year's seven percent rise is this another hike of 11 percent. It has a lot of people talking and has even become a political talking point for candidates wrapping up this year's Mayoral race.

Higher Taxes Loom With Rising Property Values

May 1, 2015

Local homeowners are suffering sticker shock after seeing a double-digit percentage increase in the appraised value of their property. Residential real estate values are up an average of 11 percent this year in Bexar County, a reflection of the area’s sizzling housing market. That’s on top of a 7 percent increase last year, which snapped a string of years with flat or falling assessments.

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