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Greg Abbott wants change to Texas property taxes

A Texas Senate committee approved Senate Bill 4, which proposes raising the homestead exemption for school district taxes from $100,000 to $140,000, in a unanimous 6-0 vote.
Governor Greg Abbott has designated property tax cuts as an 'emergency item' to expedite legislative action and has called for spending billions to reduce property taxes.
The proposed exemption increase is estimated to cost the state $7.7 billion by 2030, according to the Legislative Budget Board.
Abbott's proposal requires localities to seek voter approval for any tax increase, which could complicate local governance and public service funding, according to various local officials and policy experts.

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KXXV

What does Gov. Abbott's tax cut proposal mean? 25News breaks it down

As Texans face an affordability crisis, Governor Greg Abbott declared property tax relief an emergency item in his recent State of the State Address. But what does that mean for you homeowners? Local Broker Cory Duncan explains how Abbott is focusing on lowering the tax rate. In the last legislative session, Governor Greg Abbott cut property taxes by 18 billion dollars. In this legislative session, Governor Abbott wants another 10 billion dollar…

11 days ago

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KSAT 12

+3 Reposted by 3 other sources

Texas Senate panel votes to cut property taxes for homeowners

The marquee proposal would increase the amount of a home’s value exemption from school taxes to $140,000 from $100,000.

11 days ago·San Antonio, United States

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Houston Chronicle

Is this the end of sky-high property taxes in Texas?

Twenty-nine Texas senators, headed by Sen. Paul Bettencourt, made the move to lower property taxes, right on the heels of Gov. Abbott's State of the State.

12 days ago·Houston, United States

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Newsweek

Greg Abbott wants change to Texas property taxes

The Republican governor wants Texas homeowners to have more say on property tax hikes.

12 days ago·United States

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The Texas Tribune

Gov. Greg Abbott wants to set a high bar for local taxes increases - Dallas Weekly

Audio recording is automated for accessibility. Humans wrote and edited the story. See our AI policy, and give us feedback. Sign up for The Brief, The Texas Tribune’s daily newsletter that keeps readers up to speed on the most essential Texas news. DALLAS — Gov. Greg Abbott, in his bid to curb Texas’ high property taxes, wants Texas voters to have the final say on any property tax hike. Local governments that collect property taxes — including c…

12 days ago·Austin, United States

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ITEP

The Texas Tribune: Gov. Greg Abbott Wants to Set a High Bar for Local Tax Increases

Gov. Greg Abbott, in his bid to curb Texas’ high property taxes, wants Texas voters to have the final say on any property tax hike. Local governments that collect property taxes — including cities, counties and school districts — should have to win approval from a two-thirds majority of voters if they want to raise their tax rates, Abbott said.

13 days ago

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