Governor Abbott Announces Special Session, house passes property tax cuts

EL PASO, Texas (KVIA)- On Monday Governor Greg Abbott announced what he called special session 1.

Property taxes was one of the main agenda items for the Texas legislature.

and today, the Texas senate passed Senate Bill 1 and Senate Joint Resolution 1.

The joint resolution is the constitutional amendment to approve raising the homestead exemption to $100,000. Voters will make the decision by approving the constitutional amendment in November.

Senate bill 1, provides 10 cents of property tax compression and a $100,000 homestead exemption for homeowners under 65 and a $110,000 homestead exemption for homeowners over 65.

Governor Greg Abbott today issued a statement following the Texas House of Representatives passing HB 1/HJR 1 for substantial property tax cuts as part of the special session 1 agenda.

“The Texas House is the only chamber that passed a property tax cut bill that is germane to the special session that I called to provide Texans with property tax relief,” said Governor Abbott. “It provides more cuts to property tax rates than any other proposal at this time. It is supported by the most respected tax think tank in the state, as well as more than 30 homeowner, consumer, and business groups across the state. I look forward to signing it when it reaches my desk."