The largest property tax cut in Texas history was passed on November 7, 2023. Here are the key points of the bill and what you need to know.
- HOMESTEAD EXEMPTION TO INCREASE FROM $40,000 TO $100,000
- UP TO AN ADDITIONAL $15,000 EXEMPTION FOR CERTAIN ELDERLY AND DISABLED HOMEOWNERS FOR THE 2023 PROPERTY TAX YEAR
APPRAISAL REVIEW BOARD IN COUNTIES WITH A POPULATION GREATER THAN 75,000
- A CAP ON ANNUAL APPRAISED VALUE INCREASES FOR CERTAIN NON-HOMESTEAD PROPERTIES
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