Texas has taken a monumental step in historic property tax relief with an unprecedented $18B tax cut.
Lowered school property tax rates, a $100k homestead exemption, a 20% appraisal cap on non-homesteaded properties, franchise tax savings, and the creation of elected positions on local appraisal boards all show our commitment to hardworking property owners and small business entrepreneurs.
The road to this agreement was long but significantly worthwhile. I applaud Lt. Governor Patrick and Speaker Phelan for their successful negotiations and I congratulate my fellow members of the Texas State Legislature for passing this historic legislation, and who understand that this money belongs to our citizens.