Overview

• On June 16, 2025, Gov. Greg Abbott signed a $10 billion package comprising Senate Bills 4 and 23 and House Bill 9 at a ceremony in Denton
• Senate Bill 4 raises the school district homestead exemption from $100,000 to $140,000, projecting an average annual saving of $484 per homeowner
• Senate Bill 23 boosts exemptions for Texans over 65 and those with disabilities from $10,000 to $60,000, creating a combined $200,000 exemption that averts more than $950 in yearly taxes for over two million homeowners
• House Bill 9 increases the business personal property exemption to $125,000, offering small business owners roughly $2,500 in annual relief
• The relief package awaits ratification by voters in November 2025 and poses a revenue gap of about $3.5 billion that state lawmakers must address