Update: Texas Voters Approve Historic $18 Billion Property Tax Relief
Update: Texas Voters Approve Historic $18 Billion Property Tax Relief Act, Proposition 4, in November 7, 2023 Election. By Natalie A. Maloney | November 9, 2023 Key Takeaways: 1. Homestead exemption increased from $40,000 to $100,000; 2. 20% “circuit breaker” cap limits the increase of appraised value on commercial real property: a. 3-year pilot program, …