The standoff between the House and the Senate over a property tax relief in Texas is heading into a third legislative session. As a result, Governor Abbott called for a second Special Session to discuss the agenda once again.The House and the Senate in the state of Texas are still at an impasse over a property tax relief for the residents. To date, it is now heading into a third legislative session without any indication of reaching an agreement.
According to Fechter, in late May, after the lawmakers in Texas could not come to a deal over a property tax relief, Governor Greg Abbott immediately called them back for a Special Session. However, as the first Special came to an end, the lawmakers failed to reach a compromise once again.
Second Special Session
According to Heinz, on June 27, Abbott immediately called for a second Special Session that intends to focus on the property tax relief agenda only. Reportedly, the lawmakers were given 30 days to reach an agreement on how to utilize the $32.7 billion worth of budget surplus to help reduce the property tax bills.
If the lawmakers agree to increase the Homestead Exemption, there will be a decrease in the amount of a house’s value that can be taxed to pay for public schools. Nonetheless, voters in the state will still have to approve the tax relief plan during a constitutional amendment election.