House Speaker Dade Phelan and Lt. Gov. Dan Patrick, the two top Republicans in the Texas Legislature, have dug in their heels on how to reduce property owners’ tax burden — with dueling proposals on how to get it done and a path to a potential compromise unclear.
Patrick wants to raise the state’s homestead exemption — the dollar amount of a home’s value that can’t be taxed — on school district property taxes, with an additional boost for seniors. Phelan favors tightening the state’s “appraisal cap” on how much the value of a homeowner’s main residence taxed by school districts can rise each year. Each says the other’s proposal wouldn’t cut taxes meaningfully.
Patrick has been forceful in his opposition to Phelan’s appraisal cap proposal and drew a line in the sand this week, vowing not to compromise with the House on the idea.
(Full story HERE.)
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