Texas Senate passes property tax relief bill. How much could you save?

Texas Politics

AUSTIN (KXAN) — Governor Greg Abbott on Wednesday added property tax relief for Texans to an already busy agenda for the third special session, and legislators moved quickly.

The Senate passed a committee-revised version of SB1 by a vote of 30-1 just hours after the governor’s announcement.

The legislation — a priority of Lt. Governor Dan Patrick — would allow the state to use $2 billion in projected budget surplus money to temporarily reduce school district property tax rates for the 2022-23 school year.

The bill’s author, Houston Republican Sen. Paul Bettencourt, said a homeowner with a $300,000 taxable value home (the state’s median) would save about $200 next year.

“We’re really doing a one-year notch tighten on the belt to make sure the property tax relief comes to the taxpayers to the greatest extent possible,” Bettencourt said on the Senate floor before the vote.

The bill now heads to the House of Representatives.

Abbott also said Wednesday he is adding bail system reform to the special session.

“These two additional agenda items are crucial to improving the quality of life for all Texans,” Abbott said in a statement. “I look forward to working with my partners in the Legislature to pass these additional items that will lower property taxes and keep Texans safe.”

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