After a bitter several-month-long feud between top Republican leaders, the Texas legislature sent a bipartisan property tax relief package to Gov. Greg Abbott (R) to sign into law.
This ends a more than half-year saga. Texas lawmakers walked into the state capitol this legislative session with a $33 billion budget surplus brought on by higher consumer spending after the pandemic, increased energy prices, and a few billion in federal aid to combat COVID-19.
“Zero is what we want you to pay for your property taxes in the state of Texas,” Abbott told a crowd at the Texas Public Policy Foundation, a conservative think tank, earlier this year. A permanent lower limit on how much property values can rise every year – known as an appraisal cap – did not pass. “As taxes have gone up, they’ve had to increase rent to be able to pay those taxes. Well now we’re providing that tax relief which will then get passed on to renters,” said Meyers.
State leaders have indicated they expect the governor to call another special session in October to deal with education reforms and teacher pay raises. "This was our first home and our first go at it in understanding what the homestead exemption was," Hughes said.
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