Texas budget surplus may hand homeowners a tax break
Fox News
A planned increase in Texas' homestead exemption could potentially save homeowners thousands of dollars over the lifetime of their homes.
Bettencourt, who was recently renamed chair of the Senate Committee on Local Government, said a proposed bill would raise the homestead exemption from $40,000 to $70,000 – thus, reducing property taxes for homeowners. Bradford Betz is a Fox News Digital breaking reporter covering crime, political issues, and much more.
He said he expects it to pass in both houses with bi-partisan support.
"These are huge savings. For an average Dallas [Independent School District] home … for the rest of your life, you’ll save $826 per year. And that’s an additional $355 because of this increase, because of what was already there before," Bettencourt said. "Exemptions are very powerful tools to keep homeowners in their homes."
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