Most Texas Senators have signed on to a new bill that increases the residence homestead exemption to $140,000. Twenty-nine Texas senators, headed by Sen. Paul Bettencourt (R-Houston) made the move to lower property taxes,

Proposals to cut property taxes by raising the Texas homestead exemption to $140,000 cleared a key hurdle when a bipartisan committee voted unanimously

A bipartisan committee voted unanimously to send to the full Senate legislation that would raise the state homestead exemption by $40,000.