Texas, Atlanta Advance Major Property Tax Relief Plans

Texas lawmakers have advanced a bipartisan package of bills aimed at delivering $10 billion in property tax relief, including raising the state homestead exemption from $100,000 to $140,000 and increasing exemptions for older adults and people with disabilities from $10,000 to $60,000. At least $6.5 billion is designated for new homeowner relief, with additional funds targeting business tax reductions. The measures, prompted by surging post-pandemic home values, must still pass a final Texas House vote and require voter approval in November. The package reflects a broader trend among GOP-led states to reduce property taxes. Meanwhile, Atlanta has introduced a separate initiative offering 20 years of property tax relief to low-income seniors to help prevent displacement. Both efforts underscore growing legislative focus on easing property tax burdens for vulnerable residents.