Texas Legislature passes record $18 billion property tax relief package

Legislation to slash Texans' property taxes is heading to Governor Greg Abbott's desk. The House and Senate adopted the measures Thursday evening.

The centerpiece of the package is Senate Bill 2. It lowers the school property tax rate for all homeowners and business properties. And Texas homeowners will also see their homestead exemption increase from $40,000 to $100,000. Homeowners over 65 and disabled homeowners will see their homestead exemption rise to $110,000.

SB 2 also includes a "circuit breaker" provision for non-homesteaded properties, both residential and commercial. This will limit the annual growth of tax bills for all such properties worth $5 million or less to no more than 20 percent under a three-year pilot project. And the bill contains a provision that will let voters in counties of more than 75,000 people elect three members of their countywide appraisal boards, starting in May 2024.

Shooting in my office by Tierra Mallorca is licensed under Unsplash unsplash.com

Help FAIRtax Become The Number One Issue in 2023

Enacting the FAIRtax must be a prominent topic in these times. We did it before, we can do it again, but we need your help!

Help out with a One-Time Contribution

Your gift of $25, $50, $100 – even $1,000 or more if you can possibly spare it – will help FAIRtax.org bring an end to the IRS and promote a FAIRtax. So, I urge you, please give as generously as you can.

Billing information (REQUIRED)

Payment information (REQUIRED)

To donate by check:
Americans for Fair Taxation
PO Box 4929
Clearwater, FL 33758

If you need to make changes to your existing Monthly Re-Occurring Donation with new card or billing address information, then Please call Adam Yomtov our New York State Co-Director. He is assisting with the administration of our donations, technology services, and website.

Please note: Inputting your new information at our website won't update your donation. The only way to update is by calling Adam Yomtov 917-689-3931 mobile.


Americans for Fair Taxation® is a 501(c)(4) non-profit, non-partisan grassroots organization solely dedicated to replacing the current income tax system with a fair, simple and transparent national consumption tax – the FAIRtax® Plan. We rely entirely on contributions from concerned citizens like you who want a tax system that will generate jobs and stimulate the economy. Welcome to the FAIRtax team!

Connect

Share