AUSTIN, TEXAS — A sweeping $10 billion property tax relief package is set to become law Monday as Governor Greg Abbott prepares to sign a series of bills aimed at cutting costs for Texas homeowners, seniors, and small business owners.
The legislation, passed with bipartisan support during the most recent session, includes Senate Bill 4, Senate Bill 23, House Bill 9, Senate Joint Resolutions 2 and 85, and House Joint Resolution 1. These measures—if approved by Texas voters in a constitutional amendment election this November—promise some of the most significant property tax reductions in state history.
“Never before has the Texas Legislature allocated more funds to provide property tax relief than they did this session,” said Governor Abbott. “These bills will deliver lasting relief for Texans and their families. I urge voters to approve the new increases in the homestead and business property tax exemptions this November.”
Key Provisions of the Relief Plan:
- Homestead Exemption Increase:
The standard homestead exemption will rise from $100,000 to $140,000 for homeowners under 65, and to $200,000 for seniors and individuals with disabilities. - Senior Homeowners:
Lieutenant Governor Dan Patrick noted that, under the new law, many senior homeowners will no longer pay school property taxes for the rest of their lives, provided they remain in their homes. - School Tax Cuts:
Homeowners under 65 can expect nearly a 50% cut in school property taxes—a move that will ease one of the largest recurring costs for property owners. - Small Business Benefits:
Business property tax exemptions are also expanded under the new bills, giving small businesses a more favorable fiscal footing.
Leadership Praise and Legislative Milestone
“This is a huge win for hardworking Texans,” said House Speaker Dustin Burrows. “We worked across chambers to ensure this relief reaches those who need it most. Texas families and entrepreneurs deserve to keep more of what they earn.”
Patrick emphasized the historic growth in exemptions since he took office: “In 2015, the homestead exemption was only $15,000. Today, we’ve increased it to as much as $200,000. That’s real, generational change.”
Nearly a quarter of the state’s entire budget this year has been allocated to property tax relief—an unprecedented commitment to easing the burden on property owners. According to state leaders, this funding ensures the relief will be sustainable for years to come.
Next Steps: Voter Approval Required
While the bills will soon be signed into law, several provisions—including the increased exemptions—require voter approval this fall. A statewide constitutional amendment election is set for November 4, 2025, and officials are already gearing up for a public information campaign.
Texans can expect to receive mailers and see advertisements encouraging them to vote for the amendments that make this relief package a permanent fixture of state law.
For more details or to read the full text of the bills, visit capitol.texas.gov.
Watch: Governor Abbott Declares Property Tax Relief An Emergency Item
