Long-awaited property tax deal heads to Gov. Abbott's desk

Name: Long-awaited property tax deal heads to Gov. Abbott's desk
Uploaded: 2023-07-14T05:33:00-0500
Duration: 28 s
Description: At any moment, Gov. Abbott could sign a new property tax relief bill. This comes after lawmakers agreed on $18 billion in cuts. Homeowners could save $2,600 for the first two years. It also raises the homestead exemption to $100,000 for most homeowners. Once signed by the governor, voters must pass the plan in November for it to take effect for the 2023 tax year.

At any moment, Gov. Abbott could sign a new property tax relief bill. This comes after lawmakers agreed on $18 billion in cuts. Homeowners could save $2,600 for the first two years. It also raises the homestead exemption to $100,000 for most homeowners. Once signed by the governor, voters must pass the plan in November for it to take effect for the 2023 tax year.