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Gov. Abbott Signs Bills for Property Tax Relief Package at Denton’s Robson Ranch

DENTON, TEXAS, JUN 16 – The $10 billion package increases homestead exemptions and business personal property tax relief, projected to save Texans an average of $484 annually, pending voter approval this November.

  • On June 17, 2025, Governor Greg Abbott enacted three bills into law during a ceremony held at a venue in Denton, Texas, delivering $10 billion in relief from property taxes.
  • These bills increase the school district homestead exemption from $100,000 to $140,000, raise senior and disability exemptions from $10,000 to $60,000, and boost business personal property exemptions to $125,000, building on previous tax cuts.
  • The legislation is designed to provide financial relief to property owners, elderly residents, and entrepreneurs while ensuring that school districts receive state support to compensate for any shortfall in tax revenue.
  • Abbott emphasized that no other state in U.S. history has allocated as much of its budget toward tax relief as Texas has, while Patrick highlighted that combining various exemptions delivers the greatest benefit to taxpayers.
  • The tax relief depends on voter approval as constitutional amendments in the November 2025 election, after which Texans could see average homeowner savings around $1,763 and small business savings near $2,500 annually.
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KRIV broke the news in on Monday, June 16, 2025.
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