Texas Property Tax Cut

Finally some relief - the Texas House of Representatives approved, 139 votes to five, an 11% cut in property taxes.

Now the bill goes to the state senate and the governor. If passed, the bill will give school districts around $2 billion from the state's surplus. Districts could then lower tax rates.

This has been talked about for a long time now. The Texas Supreme Count had ordered the Lesislature to change the way schools get funding. Most districts across the state are taxing property owners close to $1.50 per $100, which is the maximum amount allowed by the state.

Let's hope we get the relief that property owners need.