Texas Property Tax Cut Bills That Could Save Homeowners $500 Per Year Headed to Governor’s Desk

A set of property tax cut bills in Texas Legislature, Senate Bill 4 and Senate Bill 23, are now headed to Governor Greg Abbott’s desk for signature. Both bills are sponsored by Houston Republican Senator Paul Bettencourt. SB 4 would raise the homestead exemption from $100,000 to $140,000. SB 23 would give an additional exemption to those over 65 years of age or have disabilities.