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Jan 3, 2024 · As part of an $18 billion property tax relief package, Texas homeowners will see their homestead exemption on their property tax bill increase from $40,000 to $100,000 of their home’s assessed ...
- Troy Kless
- 1 min
Jan 4, 2024 · “There was a school district tax reduction for instance in HISD if you live in the city of Houston and you pay HISD taxes, you will notice that HISD last year you were paying $1.03, this year it ...
- Rilwan Balogun
Sep 20, 2024 · The commissioners also approved a Harris County Hospital District (Harris Health) budget with a tax rate of $0.16 per $100 and the Port of Houston budget with a tax rate of $0.006.
Nov 8, 2023 · Homestead exemption. In all, the tax cuts cost about $12.7 billion: $7.1 billion to lower local school tax rates and about $5.6 billion to pay for the $60,000 homestead exemption hike. Another $5. ...
- Jasper Scherer
- State Politics Reporter
Lawmakers approved a relief package of approximately $5.6 billion by further increasing the homestead exemption amount. After being recently raised in 2022 from $25,000 to $40,000, the exemption saw an impressive boost in 2023 to $100,000. This adjustment results in a reduced taxable property value for homeowners, offering substantial savings ...
Dec 12, 2023 · Lt. Gov. Dan Patrick said homeowners with an "average priced home" could see a savings of $1,250-$1,450 annually. Zillow estimated the average Texas home value at $298,424 as of Oct. 31, 2023 ...
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Nov 15, 2023 · Among other changes, the recently passed Proposition 4 will raise the homestead exemption to school property taxes from $40,000 to $100,000. Homeowners over 65 will get a larger tax break.
