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The median value of a house in Texas is $238,000, a jump of $35,400 from last year's median value, according to WalletHub's 2024 property tax report. With an effective real estate tax of 1.63% ...
The deal would channel $12 billion to reduce the school property tax rate for homeowners and business properties, increase the homestead exemption, and create a pilot program to reduce taxes on ...
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Proposition 7, the Homestead Tax Limit for Surviving Spouses of Disabled Individuals Amendment, amended the state constitution to "allow the surviving spouse of a disabled individual to maintain a homestead property tax limit if the spouse is 55 years of age or older at the time of the death and remains at the homestead". [9] The measure passed ...
The package could land on Gov. Greg Abbott’s desk by the end of the week. Voters must pass the plan in a constitutional election in November for it to take effect in the 2023 tax year.
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