Governor Greg Abbott has enacted three new laws aimed at providing substantial property tax relief for Texas residents. The signing took place at a ceremony held at Robson Ranch Clubhouse in Denton, where House Bill 9, Senate Bill 4, and Senate Bill 23 were officially made law.
“When I became Governor, the homestead exemption was $15,000,” stated Governor Abbott. “With Senate Bill 4, the homestead exemption is now $140,000, an almost 1,000% increase. Seniors’ homestead exemption now goes all the way up to $200,000. This session, we also spent $50 billion on property tax relief. This is truly unprecedented – no state in American history has devoted such a large percentage of their budget to tax relief.”
The event saw attendance from notable figures including Congressman Brandon Gill; Speaker Dustin Burrows; Senators Paul Bettencourt and Brian Birdwell among others; as well as local officials like Mayor Gerard Hudspeth and Denton County Commissioner Dianne Edmondson…