The money for the Texas property tax cut bill will come from the state’s record revenue surplus. The $18 billion bill is made up of Senate Bill 2 and Senate Bill 3.

Together, those measures will translate to major tax savings for Texas homeowners, proponents argue. Had the ballot measure been in place last year, the owner of a home appraised at the state’s ...

Proposition 4 would allow the state to spend $18 billion on property tax cuts for homeowners and businesses, cut school districts’ tax rates and enact other tax changes.

On top of the $12.7 billion in new property tax cuts lawmakers agreed to in 2023, both chambers now want to spend another $3.5 billion of the state’s surplus to cut school property taxes and ...

Texas voters overwhelmingly granted themselves a whopping $18 billion property tax cut in Tuesday's off-year constitutional amendment election, and the lawmaker who spearheaded the drive to put ...

Texas voters in 2015 raised it again to $25,000, then again to $40,000 in 2022. During the second special session of the 88th Legislature in 2023, a bipartisan majority of lawmakers passed SB 2 ...

Texas Gov. Greg Abbott speaks at a news conference in Austin, Texas, on June 8, 2021. Abbott has called state lawmakers into a second special legislative session to discuss property tax cuts. (AP ...