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October 31, 2023 Last Edit: June 5, 2025
REMINDER: Support Tax Relief Next Week!
- Increases the homestead tax exemption from $40,000 to $100,000;
- Enacts $12 billion in tax compression, with the state set to buy down ISD taxes on residential and commercial property owners;
- Limits increases on non-residential properties’ taxable value to 2o percent, which applies to commercial and non-residential properties under $5 million in value; and
- Provides greater transparency by adding three positions to each county appraisal district’s board of directors.
State:
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