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Texas Property Code11 008FindLaw Form

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turning now to an historic deal in Austin a live look at our state's capital where lawmakers finally agreed on a plan to cut your property taxes Megan Mitchell with us in The Newsroom with a breakdown of the bill so Megan we know the House and Senate have been going back and forth on this deal four months what feels like forever Kara and finally a deal at the state house and what is you mentioned historic the largest property tax cut in Texas history Republicans came to a consensus after three sessions debating this issue so what's in this 18 billion dollar tax cut it includes more than 12 billion dollars to be spent on reducing the school property tax rate for homeowners and business properties increasing the homestead exemption from forty thousand to one hundred thousand dollars a three-year twenty percent cap on appraisal increases for properties valued at five million dollars and less and franchise tax cuts to help small businesses as well lawmakers do protect predi

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