"Texas Homeowners Navigate New Property Tax Laws and Exemption Changes"
Texas homeowners are reacting to the new property tax-cut law that is expected to save them hundreds of dollars. The $18 billion Property Tax Relief Act includes a significant increase in the state's homestead exemption, raising it from $40,000 to $100,000. While some homeowners have noticed a considerable reduction in their tax bills, others, like DonPaul Stephens, have seen their bills go up due to property value reassessments. State Senator Paul Bettencourt, who authored the bill, assures that the relief is designed to be sustainable into the future, with the homestead exemption now enshrined in the constitution.