In a resounding victory for Texas Homeowners, the Texas Senate has unanimously (30-0) passed Senate Bill 4 and Senate Joint Resolution 2, marking a historic step in providing meaningful property tax relief. Authored by Senator Paul Bettencourt (R-Houston) and championed by Lieutenant Governor Dan Patrick, these bipartisan measures will raise the homestead exemption from $100,000 to a record-breaking $140,000 - the largest exemption increase in state history.
"Today, the Texas Senate delivered a win for homeowners statewide. By passing SB 4 and SJR 2, we are putting real dollars back into the pockets of Texans while ensuring our schools remain fully funded," said Senator Bettencourt. "The average homeowner will see an estimated annual savings of nearly $363, but wait there’s more, as nearly $500 of help is on the way!"
During Senate Committee testimony, Charles Scoma of the Texas Silver-Haired Legislature highlighted the significance of this relief, noting that 80% of Texas seniors live on just $36,000 of disposable income annually. “I estimate 80-90% of Texas seniors will pay no property taxes at all.” He stated.
