Texas Proposition 4 Approved: Property Tax Relief is Official

Here's what the approval of Texas Proposition 4 means for homeowners and when they'll see lower property tax bills.

Texas State Flag Mailbox
(Image credit: Getty Images)

After months of negotiation, Texas Gov. Greg Abbott signed a $12.7 billion property tax relief package, known as Proposition 4, into law in August. But the new law would have meant nothing if voters didn't approve the package, as they did in the Nov. 7 state elections. 

Here’s what Texas homeowners should know.

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Katelyn Washington
Former Tax Writer

Katelyn has more than 6 years of experience working in tax and finance. While she specialized in tax content while working at Kiplinger from 2023 to 2024, Katelyn has also written for digital publications on topics including insurance, retirement, and financial planning and had financial advice commissioned by national print publications. She believes knowledge is the key to success and enjoys providing content that educates and informs.