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The Texas legislature passed two bills this weekend that are designed to provide property tax relief to state residents.

There is no state property tax in Texas, but there are several property tax exemptions for qualifying owners. According to combined media reports, the legislature approved Senate Bills 4 and 23, which would raise the homestead exemption so homeowners could write off $140,000 of their property value before assessment. For homeowners with disabilities or who are older than 65, their homestead exemption would be raised to $200,000.

State Senator Paul Bettencourt (R-Houston), who put forth the bills, said the average Texas homeowner could expect a nearly $500 reduction in their property tax bill this year while disabled and senior homeowners could see reductions close to $1,000.

The property tax relief bills are part of a 1,056-page, $338 billion two-year budget that needs to be reviewed by Comptroller Glenn Hegar, who will determine if there is enough revenue to cover what is being proposed. After Hegar’s sign-off, the bill would go to Gov. Greg Abbott to be signed into law. The property tax relief would go into effect on Sept. 1.

In a statement, Abbott welcomed what he described as “badly needed property tax reductions” and called on voters to “to approve the new increases in the homestead and business property tax exemptions this November,” a reference to a constitutional amendment proposition that would apply retroactively to the 2025 tax bills.