Senate's 50% property tax bill passes on first reading in the House
A 50% property tax reduction bill that passed the Senate on three readings has passed for the first time in the House. Wednesday evening, the House used a voice vote to approve Senate File 69, “Homeowner property tax exemption.
What the Texas Homestead Exemption bill would mean for property taxes and school funding
It is now in the hands of the Texas House to decide what to do about a new property tax cut plan. The author of the Senate's plan calls it the largest exemption increase in state history. While it could save many people hundreds of dollars on property tax bills,
Texas homeowners are one step closer to receiving a property tax break after Senate approves bill
For the past several years, Republican state lawmakers have pushed to rein in rising property tax bills. That push culminated in 2023 with $12.7 billion in new tax cuts, including a boost to the state's homestead exemption and billions of dollars for school districts to reduce how much they collect in property taxes.
Texas is one step closer to historic property tax relief
Priority legislation to address the state's affordability crisis passed the Texas Senate and is now headed for the state house. Senate Bill 4, which carves out a $140,000 homestead exemption, was approved unanimously on Thursday.
'Texas-sized' relief: Senate passes $22.7 billion school property tax cut package
If the Legislature approves SB 4, Texas voters would have to approve the amendment to the state Constitution to make the tax cut permanent.
Texas Senate greenlights new property tax cuts despite concerns over mounting costs
The Texas Senate moved swiftly this week to advance property tax relief, one of Gov. Greg Abbott’s emergency items this session. On Thursday, the chamber voted unanimously to increase the state’s homestead exemption on school district taxes from $100,
Texas Senate approves proposals to cut property taxes with $140,000 homestead exemption
The Texas Senate gave unanimous approval Thursday to proposals to cut property taxes by raising the Texas homestead exemption to $140,000, sending the measures to the House. Senate Bill 4 and Senate Joint Resolution 2,
Abolish property taxes? DeSantis endorses the idea and explains how it could be done in Florida
Florida Gov. Ron DeSantis endorsed the idea of abolishing property taxes in Florida, noting that it could be accomplished via ...
Property tax update: You can now complete the new online application for ANCHOR, Senior Freeze, Stay NJ
The new combined application to file for property tax relief in New Jersey is now available to complete online. The ...
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Landmark Property Tax Bill Now Calls For 50% Cut Based On COVID-Era Valuations
A bill that started the day as a straight 50% property tax cut was dramatically changed on Thursday. The 50% cut is now based ...
Larry Rhoden-led property tax reform would cap assessments, adjust freeze program
Part of the proposal would cap cities' and counties' yearly property tax increases at 3% even if assessments rise above that ...
Boston City Council passes Wu’s property tax proposal for the third time
Wu revived her effort to soften tax increases for residential property owners in January, refiling a property tax proposal ...
HOWEY: Gov. Braun’s property tax ‘crisis’
A Legislative Services Agency analysis said Braun’s initial proposal could cost Indiana school districts about $1.1 billion ...
WA debates how much cities can collect in property taxes
As a multibillion-dollar budget hole looms and costs of living increase, Washington lawmakers are again debating whether to ...
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Montana lawmakers considering diverse ways to address property taxes
Much of the debate so far has been on the tax rates themselves, but there are also other ideas for ways to offer residents a property tax break.