Texas Property Tax Relief in 2024

Homeowners have started saving due to a Texas property tax relief package passed last year. Here's a breakdown of the tax cuts.

A large housing development near the suburban community of Arcola Texas located about twenty miles south of downtown Houston
(Image credit: Getty Images)

Homeowners in the Lone Star State might have already noticed lower property tax bills this year, thanks to a Texas property tax relief package (Proposition 4) that became effective last year. The compromise between Texas lawmakers, which came after many months of disagreement, includes an increased homestead exemption and property tax cuts for businesses and homeowners. Texans approved the tax package last November.

In a statement released after lawmakers reached the deal, Texas Gov. Greg Abbott referred to the more than $18 billion in tax cuts as a "comprehensive, long-lasting solution to increasingly burdensome property tax bills."

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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.