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Texas lawmakers propose property tax cuts, saving homeowners up to $500, pending House approval.
Texas lawmakers have tentatively agreed on a deal to lower property taxes, which could reduce bills for homeowners and businesses.
The proposal includes raising the homestead exemption and providing greater tax breaks for older and disabled homeowners.
If approved, a homeowner with a $302,000 property could save over $500 on their school taxes.
While the Senate has passed the deal, it needs approval from the House.
Critics warn of long-term financial impacts on state budget areas like education and transportation.
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Los legisladores de Texas proponen recortes de impuestos a la propiedad, ahorrando a los propietarios de viviendas hasta $500, pendiente de la aprobación de la Cámara.