Texas – Governor Greg Abbott signed three significant bills into law during a ceremony at Robson Ranch Clubhouse, aimed at providing lasting property tax relief for Texans. The legislation includes House Bill 9, Senate Bill 4, and Senate Bill 23, which collectively increase homestead exemptions and the business personal property tax exemption.
“When I became Governor, the homestead exemption was $15,000,” Abbott said. “With Senate Bill 4, the homestead exemption is now $140,000, an almost 1,000% increase. Seniors’ homestead exemption now goes all the way up to $200,000. This session, we also spent $50 billion on property tax relief. This is truly unprecedented – no state in American history has devoted such a large percentage of their budget to tax relief.”
Joined by state and local officials, business leaders, and lawmakers, the Governor emphasized Texas’ lack of income, death, and capital gains taxes, underscoring that property taxes are imposed by local governments—not the state. These new laws will help reduce Texans’ property tax bills by increasing exemptions.
House Bill 9 raises the business personal property tax exemption from $2,500 to $125,000. Senate Bill 4 increases the mandatory school district residence homestead exemption to $140,000, while Senate Bill 23 raises the homestead exemption for seniors and disabled individuals to $200,000.
Abbott also reiterated his commitment to continuing efforts to limit local governments’ ability to raise property taxes, promising further relief for Texas homeowners in the future.
