The homestead exemption is real property tax relief

GUEST Editorial“When I became lieutenant governor in 2015, the Texas Senate and I increased the homestead exemption from $15,000 to $25,000. In 2021, we increased it to $40,000. This year, Senate Bill 3, by Sen. Paul Bettencourt, R-Houston, will increase the homestead exemption for all Texans under 65 to $70,000, and a whopping $100,000 for seniors over 65. These exemptions exist for the lifetime ...