Governor Abbott Signs Largest Property Tax Cut In Texas History
Press Release
Issues: Taxes Legislative Branch
"Today, I am signing a law that will ensure more than $18 billion in property tax cuts--the largest property tax cut in Texas history. If passed by voters this fall, Texas homestead exemptions will rise to $100,000, senior homeowners will be protected from being priced out of their home, the small business exemption for the Franchise Tax will double, and Texas small businesses will be protected from excessive appraisal increases. None of these monumental changes could have been accomplished without the hard work of Lieutenant Governor Patrick and Speaker Phelan. We all came together to offer Texans the property tax relief they so desperately deserve, and I am proud to sign these new laws today."
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