Texas Senate approves homestead exemption increase

Name: Texas Senate approves homestead exemption increase
Uploaded: 2025-02-14T17:55:00-0600
Duration: 1 min 48 s
Description: The Texas House is considering a new property tax cut plan that could save homeowners hundreds of dollars but may impact school funding. The Texas Senate approved increasing the homestead exemption from $100,000 to $140,000, potentially saving the average homeowner around $360 annually. Some lawmakers are concerned about the effect on school budgets.

The Texas House is considering a new property tax cut plan that could save homeowners hundreds of dollars but may impact school funding. The Texas Senate approved increasing the homestead exemption from $100,000 to $140,000, potentially saving the average homeowner around $360 annually. Some lawmakers are concerned about the effect on school budgets.