Gov. Greg Abbott signed House Bill 9, Senate Bill 4 and Senate Bill 23 into law June 16 in Denton, providing property tax relief for homeowners across the state.
“When I became governor, the homestead exemption was $15,000,” Abbott said in a release. “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.”
During his remarks to a crowd of more than 125 supporters and business leaders, Abbott highlighted that Texas has no income tax, no death tax and nocapital gains tax. After signing House Bill 9, Senate Bill 4, and Senate Bill 23 into law, the governor pointed out that the state government does not impose property taxes on Texans — only local governments do — and that these new laws would help bring down property tax bills…