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Jul 10, 2023 · Austin, TX – Senator Paul Bettencourt (R-Houston), filed as primary author the largest property tax cut bill in Texas history, SB 2, the $18 billion property tax reduction plan, as announced by Lt. Governor Dan Patrick and Speaker Dade Phelan on Monday, July 10, 2023.
Jul 13, 2023 · Senate Bill 2 contains: Increase Texas homestead exemption to $100k on 5.72 million Texas homeowner’s ISD property tax bills, effective on this year’s property tax bill. $7 billion worth of MCR compression of ISD M&O property tax rate cuts of 23.8% on 10.7 cents.
Aug 9, 2023 · Contact:Michael Geary (512) 810-1076 michael.geary@senate.texas.gov. Senator Paul Bettencourt’s Huge property tax reduction bill is ceremonially signed into law! Voters have final approval on Proposition 4, the record $18 billion property tax bill on November 7, 2023.
Jul 13, 2023 · The final bill of the 18 billion dollars of property tax reduction, HJR 2, just passed the Senate 31-0. “So, let the people vote on November 7, 2023!” Senator Bettencourt concluded. See the chart below for the expected SB 2 savings for 5.72 Million Homeowners on their ISD tax bill:
Jul 10, 2023 · Senator Bettencourt’s SB 2 will increase every Texas homestead exemption to $100k, for school ISD property tax bills. Additionally, SB 2 will have $7 billion worth of MCR compression of ISD M&O property tax rate cuts of 23.8%. Non-homesteaded real property valued at $5 million and under will receive a 20% circuit-breaker on appraised value ...
Mar 22, 2023 · AUSTIN — State Sen. Paul Bettencourt (R-Houston) will explain the Senate’s unprecedented $16.5 billion Property Tax Relief bills in the Senate Committee on Finance today, March 15th, 2023. The hearing starts at 9:00 a.m. “The Senate Property Tax Plan is eye-popping for 5.72 million Texas Homesteads by saving nearly $800 per year.
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