There is also a "circuit breaker" provision for non-homesteaded properties, both residential and commercial, such as rental houses, second homes, vacation properties, or commercial retail or business properties. This provision basically puts a 20% cap on appraisal increases for properties valued at $5 million or less. Largest Property Tax Cut In Texas History: How it Benefits You click here for the MSN.com direct link to the article Texas Gov. Greg Abbott ceremonially signed the $18 billion property tax relief bill into law on Wednesday. The bill, which is the largest property tax cut in Texas history, will bring massive relief to Texans. Gov. Abbott originally signed the Texas property tax cut bill in late July. What Is The $18 Billion Property Tax Relief Bill? Texas’ $18 billion property tax relief bill was passed on June 27 during the second special session of the state legislature and then officially signed into law by the governor last month. Gov. Abbott made reducing ...
A Residential Real Estate Blog covering the city of Austin, Texas. Highlighting "Off Market" along with Austin Silent Market Inc Real Estate Active MLS Properties for Sale & Lease. Proud Indie ATX Business Advocacy and Local Culture. Curated by Austin Silent Market Broker Associate = George Vance McGee 512.657.9281 direct & georgevance@gmail.com