Proposals to cut property taxes by raising the Texas homestead exemption to $140,000 cleared a key hurdle when a bipartisan committee voted unanimously

Most Texas Senators have signed on to a new bill that increases the residence homestead exemption to $140,000. Twenty-nine Texas senators, headed by Sen. Paul Bettencourt (R-Houston) made the move to lower property taxes,

A bipartisan committee voted unanimously to send to the full Senate legislation that would raise the state homestead exemption by $40,000.

Read more A bill aimed at lowering property taxes unanimously passed a Texas Senate committee Tuesday, clearing the way for a vote before the full Senate. The Senate Local Government Committee voted 6-0 to approve Senate Bill 4,

The marquee proposal would increase the amount of a home’s value exemption from school taxes to $140,000 from $100,000.

The continuing cry for relief from ever rising property taxes is fully underway at the State Capitol with particular focus on slashing the burden for seniors.

Last session, Texas lawmakers provided the largest property tax cut in the state's history by increasing the homestead exemption to $100,000.

A Texas Senate bill to raise the homestead exemption and provide relief to the state's property taxpayers quickly passed out of committee Tuesday.