Long-awaited $18 billion property tax-cut deal heads to Gov. Greg Abbott
A landmark $18 billion tax cut for property owners in the state is headed to Gov. Greg Abbott’s desk late Thursday, ending a monthslong stalemate among the state’s top Republicans with a deal that drew near-unanimous support from legislators.
Read MoreProperty tax cuts set to head to Texas voters on ballot. Here’s how much you could save
For months, lawmakers have feuded over what to do with property taxes. They agreed property tax cuts were needed. Less unanimous was the best way to pass savings on to Texans.
Read MoreTexas Senate unanimously passes $18 billion in property tax relief
After the bills’ passage, Lt. Gov. Dan Patrick said, “I have been fighting for property tax relief at the Texas Capitol since 2003, 4 years before I was elected to the Senate, and I have not stopped since then. When I took office as Lt. Governor in 2015, the homestead exemption was $15,000, and my…
Read MoreDid Dan Patrick really just deliver a tax cut for the average Texan? (Editorial)
How high are Texas property taxes? Just ask Google. Looking for a fresh way to explain the lopsided burden on homeowners in this state, we started typing in a related query and got some interesting auto-complete options.
Read MoreTexas Senate advances $18B plan to cut property taxes
The tax relief package includes three measures: Senate Bill 2, SB 3 and House Joint Resolution 2. If all three bills are signed into law, voters will have the opportunity to approve the tax cuts in November.
Read More