The proposals target the taxes homeowners pay and require school districts to lower their tax rates.
Homes as seen in a neighborhood in Austin on Feb. 21, 2019. The Texas Senate on Wednesday passed three bills to lower property taxes.
Senators also passed — but were less sure about — Senate Bill 4. That bill would require the state to funnel at least $5.38 billion into public schools, which make up the biggest chunk of Texans’ property tax bills. That’s on top of $5.3 billion that Senate budget writers have separately proposed for property tax cuts over the next two years.
“I can’t disagree that someday there will be a crisis, but we made this commitment,” Bettencourt said. “We have to stand by it.”SB 4 is also an effort to lower property-wealthy districts’ payments through the recapture program, informally known as “Robin Hood.” The program requires those districts to give any tax surplus it collects to the state so it can go to “property-poor” districts that can’t raise all the money they need through taxes.
The basic allotment — or the base amount the state gives schools per student, which currently sits at $6,160 — has not increased since 2019, when lawmakers overhauled the school finance system.
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