Today, Texas Governor Greg Abbott will sign a historic $18 billion property tax relief package into law. This is the largest property tax cut in Texas history and includes an increase in the homestead exemption, reduces school tax rates, provides franchise tax relief, and creates a circuit breaker pilot project.
TPPF’s CEO Greg Sindelar, who will be in attendance at today’s signing ceremony, released the following statement:
“TPPF thanks Governor Abbott for signing the largest property tax cut in Texas history into law. This historic package, put together by Lt. Governor Patrick and Speaker Phelan, will give millions of Texans significant tax relief, allow the Texas economy to continue to thrive, and put Texas on a path to eliminating property taxes.”