So we just approved some “property tax relief” in Texas.The one raising the homestead exemption from 25 to 40k is the most annoying to me. One school district taxes at a rate of 1.25 per $100. This additional 15k exemption , will “cut” my taxes by $187.50 per year
on school taxes. But my overall tax bill goes up
significantly more due to much bigger increase in appraisal value.
So it boils down to campaign slogans of “cutting taxes” and increasing the exemption by whopping 60%. True
statements, but in bigger context false. The joke is on citizens of Texas.