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flag Texas lawmakers propose property tax cuts, saving homeowners up to $500, pending House approval.

flag Texas lawmakers have tentatively agreed on a deal to lower property taxes, which could reduce bills for homeowners and businesses. flag The proposal includes raising the homestead exemption and providing greater tax breaks for older and disabled homeowners. flag If approved, a homeowner with a $302,000 property could save over $500 on their school taxes. flag While the Senate has passed the deal, it needs approval from the House. flag Critics warn of long-term financial impacts on state budget areas like education and transportation.

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