As a homeowner in Texas, one of the most pressing concerns is the continuous rise in property taxes. Every year, property tax appraisals increase, leading to higher taxes, and despite voters rejecting tax hikes, it sometimes feels like our taxes still go up.
For many, these rising taxes are making it harder to stay in their homes, especially for those who have lived there for decades.
The Passage of Senate Bill 4: A Win for Homeowners
However, there’s been a win for property owners in the Texas Legislature. On June 16, 2025, Governor Abbott signed Senate Bill 4 into law, providing relief for homeowners. One of the key provisions of this bill is an increase in the homestead exemption for residential property owners. Here’s what it means for you:
-Residential property owners will see their homestead exemption rise to $140,000.
-For homeowners who are 65 years or older or those with disabilities, the exemption will be $150,000.
This increase in the homestead exemption provides much-needed relief to homeowners by reducing the amount of taxable value on their homes, ultimately lowering their property tax burden.
Why SJR 2 Matters in November
While SB 4 is already in effect, it’s important to note that SJR 2, a proposed amendment to the Texas Constitution, still requires voter approval.
SJR 2 proposes an increase in the school-district homestead exemption for property taxes, raising it from $100,000 to $140,000. This change would benefit homeowners by further reducing the amount of property taxes owed for residential properties.
The Texas fall election on November 4, 2025, will include the vote on SJR 2. If approved, this amendment will go into effect starting in the 2025 tax year. Texas voters will have the final say in securing even greater property tax relief.
Concerns About the Impact on School Districts
One concern with this increase in exemptions is that school districts may face financial strain due to the reduction in property taxes collected. However, the passage of SB 4 addresses this by ensuring that state funding will cover the difference.
This means that while homeowners benefit from the increased exemptions, school districts will still receive the necessary funding from the state.
How to Secure Your Property Tax Break in 2025
If you are a homeowner looking for relief from rising property taxes, mark your calendars for November 4, 2025, and be sure to vote for SJR 2. This amendment will provide significant tax relief for residential property owners, so make sure your voice is heard at the polls!