Senate Bill 4 would allow the state to set the homestead exemption on school district taxes at 140,000 of value.
AUSTIN – It is now in the hands of the Texas House to decide what to do about a new property tax cut plan. The author of the Senate's plan calls it the largest exemption increase in state history.
The Texas Senate sent two bills to the Texas House on Thursday that will cut property taxes by again increasing the Homestead Exemption for property owners. Senate Bill 4 and Senate Joint Resolution 2 ...
The marquee proposal would increase the amount of a home’s value exemption from school taxes to $140,000 from $100,000.