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Bill to cut Texas property taxes advances to Senate

Summary by KXAN
AUSTIN (KXAN) -- A bill aimed at lowering property taxes unanimously passed a Texas Senate committee Tuesday, clearing the way for a vote before the full Senate. The Senate Local Government Committee voted 6-0 to approve Senate Bill 4, which aims to raise the state's homestead exemption to $140,000. The homestead exemption is the amount of a home’s value that is exempt from taxation. Changing the exemption would require approval by Texas voters …

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NBC Dallas-Fort Worth broke the news in Fort Worth, United States on Tuesday, February 11, 2025.
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