$16.5 Billion Property Tax Relief Plan Sails Through Texas Senate

(WBAP/KLIF) — A massive property tax relief bill moving through the Texas legislature.

Texas State Senator Paul Bettnecourt

The Texas Senate passed the $16.5 billion property tax relief package unanimously (124-0), which is housed within four separate bills.

The four bills aimed to provide tax relief for Texans are sponsored by Senators Paul Bettencourt and Tan Parker. Bettencourt says one of the bills raises the homestead exemption from $30,000 to $70,000, while those over 65 years of age are set to receive over $100,000 in homestead exemption.

The average homeowner will receive around $800 in yearly tax relief and seniors will get over $1,000 off their tax bill. The legislation is currently in the Texas House of Representatives awaiting approval.

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