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3mo ago

Texas House Advances Property Tax Relief Bills to Final Vote

Legislation proposes increased homestead exemptions and business tax cuts, pending final votes, governor's approval, and a November referendum.

An aerial view of houses undergoing construction in a neighborhood on April 17, 2025, in Austin, Texas.
The Texas Legislature is poised to approve an increase in the homestead exemption, which, if approved by voters, would reduce school taxes on someone’s primary residence.
A farmhouse on U.S. Highway 190 in Milam Co. on March 16, 2025.
A farmhouse on U.S. Highway 190 in Milam Co. on March 16, 2025.

Overview

  • The Texas House gave unanimous preliminary approval to SB 4 and SB 23, which propose raising homestead exemptions for homeowners and seniors or disabled individuals.
  • SB 4 increases the general homestead exemption from $100,000 to $140,000, potentially saving homeowners hundreds annually on school property taxes.
  • SB 23 raises the additional homestead exemption for seniors and disabled Texans from $10,000 to $60,000, offering targeted relief to vulnerable groups.
  • HB 9, which exempts up to $125,000 of business inventory from local taxation, has cleared both chambers and awaits the governor's signature.
  • All measures require final legislative approval, the governor's signature, and voter approval in a November 4 constitutional amendment election to take effect.