Texas Senate proposes increasing the homestead exemption to $140k

AUSTIN, Texas — Texas homeowners could be looking at additional property tax cuts on the horizon thanks to a new senate bill.

Thursday night, State Sen. Paul Bettencourt (R-Houston) filed SB 4, which would increase the homestead exemption to $140,000, and $150,000 for homeowners ages 65 and older or disabled.

Already, 29 out of the state’s 31 senators have put signed on to the bill, signaling strong support for another property tax cut for Texas homeowners…

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