Texas lawmakers have consistently talked about lowering your taxes, now there are some hard numbers to share. In both the House and Senate budget–there is $15 billion for property tax relief.
It is a busy day at the Collin County Appraisal District. Patty Fogleman came to get her homestead exemption. She just bought a new home in Josephine. Any increase to the homestead exemption would be welcome news.
“On a fixed income with social security and my husband’s military pay, it would really help us,” said Patty Fogleman.Lawmakers have consistently been saying property tax relief is needed. This budget cycle, there is an almost $33 billion budget surplus. Both the Texas House and Senate have released budget bills, and each includes $15 billion for property tax relief. The Senate says $3 billion is for increasing the homestead exemption.
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