Calling it the 'biggest property tax cut in the history of the world,' Texas leaders and lawmakers gathered before the cameras in New Caney for a collective victory lap over the $18 billion they are refunding to millions of our state's landowners.
Calling it the "biggest property tax cut in the history of the world," Texas leaders and lawmakers gathered before the cameras in New Caney for a collective victory lap over the $18 billion they are refunding to millions of our state's landowners.
What ultimately emerged was a Senate dominated plan which "permanently" raises the homestead exemption on school taxes from $40,000 to $100,000 per year, benefiting 5.7 million households.Live & breaking news for the entire Houston area. House Speaker Dade Phelan underscored the enormity of the rebate by comparing it with a much more modest relief package approved in rival Florida.
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