Texas Property Tax Cut 2025

Texas Property Tax Cut 2025. A bill that will reduce statewide property taxes for texas homeowners by roughly $18 billion went into effect jan. State officials said to make up the deficit from eliminating property tax entirely, texas would have to more than triple its sales tax rate from 6.25% to 22%.

State lawmakers have reached agreement on an $18 billion deal to cut property taxes, a record for texas. A bill that will reduce statewide property taxes for texas homeowners by roughly $18 billion went into effect jan.