6 days ago · “This follows on the passage of SB 2 in 2023—the now record $22.7 billion property tax reduction passed by the Texas Legislature … which included an increase to the current …

Feb 11, 2025 · Property tax bills would be even higher if not for moves by the Legislature since 2019 to rein in the state’s high property taxes, tax-cut advocates have argued. Texas is slated …

4 days ago · The Texas Senate on Thursday quickly and unanimously advanced a proposal to provide billions of dollars in tax breaks to homeowners in a bid to blunt the state's high …

Feb 4, 2025 · Texas would need to spend about $81.5 billion a year to get rid of property taxes collected by school districts, cities and counties, the Legislative Budget Board told Senate …

Feb 11, 2025 · Bettencourt’s office projects the bill – added to additional compression of school property tax rates in the Senate version of the state budget– will save the average homeowner …

Aug 9, 2023 · Under Senate Bill 2 and Senate Bill 3, $18 billion of Texas' historic budget surplus will be allocated toward driving down school district property tax rates, increasing homestead …

Aug 23, 2023 · SB 2 includes nearly $13 billion to increase the homestead exemption, accelerate tax compression, and provide non-homestead properties a 20% cap on appraisals for three …

Jan 13, 2025 · The 89th session of the Texas Legislature begins Tuesday and as part of passing a budget, lawmakers will consider what to do with the projected $20 billion surplus.

Texas does not have a state property tax (commonly referred to as ad valorem tax). Nor does the state set appraised values, adopt property tax rates or collect property tax revenues. The …

Jul 12, 2023 · homeowners, renters, and small businesses with the largest property tax cut in Texas history. With this legislation, homeowners will save on average $1,373 every year, while …