Tax assessors prepare and mail bills to property owners on or around Oct. 1. Learn what's on a Texas property tax bill, including penalties and interest.

Aug 9, 2023 · Under Senate Bill 2 and Senate Bill 3, $18 billion of Texas' historic budget surplus will be allocated toward driving down school district property tax rates, increasing homestead exemptions for Texas homeowners, and increasing Franchise Tax exemptions and appraisal caps for small businesses.

Aug 23, 2023 · A deal on property tax relief was reached during the second special session with two bills and a joint resolution signed into law by Gov. Abbott on August 9th. This report offers a closer look at the bills passed and their potential impacts.

Feb 12, 2024 · As an example, if you have a non-homesteaded property valued at $3.5 million in 2024 and it jumps to $4.37 million in 2025, the “circuit breaker” will limit the taxable portion to $4.2 million providing a taxable savings of $175,000.

Jul 18, 2024 · Texas Property Tax Relief in 2024 Homeowners have started saving due to a Texas property tax relief package passed last year. Here's a breakdown of the tax cuts.

Jan 3, 2024 · As part of an $18 billion property tax relief package, Texas homeowners will see their homestead exemption on their property tax bill increase from $40,000 to $100,000 of their home’s...

With Texas voters’ approval of Proposition 4 on the Nov. 7 ballot, taxpayers’ 2023 property tax bills, as outlined in Senate Bill (SB) 2, will be based on the value adjusted for: An increase in the residence homestead exemption for school districts from $40,000 to $100,000.

Jan 2, 2024 · A bill that will reduce statewide property taxes for Texas homeowners by roughly $18 billion went into effect Jan. 1. The new law passed with 83% of the vote in November, according to the Texas...

Jul 17, 2023 · What is in Texas’ property tax proposal? The bill provides for $12.7 billion in tax relief for property owners through four main avenues: Exempting businesses with annual revenue of less than...

Jan 1, 2024 · Our 2023 Texas Property Tax Law Changes (PDF) publication summarizes property tax laws that changed due to legislation passed by the 88th Legislature. Calendar Updates We recently updated the Events Calendar that shows upcoming property tax-related seminars and events for the 2024 calendar year.