Leaders of Texas Legislature set battle lines over property tax relief
, allowing homeowners to shave that amount off the taxable value of their primary residence for school property taxes.
“The way I see it is, we can talk about homestead exemptions all day long, and that is great,” Phelan said in an address to the Texas Public Policy Foundation, a conservative think tank. “But what does that do for the small business?” “I think the intentions of the House are good, but that would be a disaster and undo everything we’ve done that has brought this property tax relief,” Patrick said, arguing that lowering the annual caps would bring only temporary relief.
State Sen. Paul Bettencourt, the Houston Republican who authored the Senate property tax legislation, said his plan would provide $341 in annual school property tax savings for every homestead in the state, based on the average statewide school district tax rate.
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