On Thursday, July 13th, the Texas House and Senate reached a deal on a new bill to provide an $18 billion tax cut for Texas property owners and small businesses. Now signed by Texas Governor, Greg Abbott, the bill will be sent for final approval from Texas voters in November.
Known as the Senate Bill 2, this bill will lower the school property tax rate for all homeowners and businesses as well as increase the homestead exemption from $40,000 to $100,000 for most homeowners. Property tax could drop more tha...
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