Local government property tax rates are split into two distinct portions: one for maintenance and operations, and one for interest and sinking, or debt service on bonds used for specific projects. Operations revenue isn’t meant to repay debt, and vice versa, which Bettencourt said prompted his legislation.

House Bill 9, authored by Rep. Morgan Meyer, R-University Park, would expand the exemption for tangible personal property from $2,500 to $250,000 of the appraised value. Personal property includes equipment, furniture and vehicles.

FOR IMMEDIATE RELEASE April 1, 2025 Reducing Taxes on Personal Property A Sigh of Relief for Texas Businesses   AUSTIN — A research report released today by the Texas Taxpayers and Research Association (TTARA) shows that property tax exemptions for business personal property would make the Texas economy more competitive and create a fairer tax…

Lawmakers are considering proposals they say could save the average homeowner hundreds of dollars in this year’s property taxes and give them more control over how much local governments can raise their tax rates.

Texas lawmakers have once more vowed to provide tax relief to property owners, and the House and Senate have so far agreed to spend at least $6 billion in state funds to do so. But the two chambers have competing ideas about how to deliver the cuts.