On Tuesday, Texas’s top officials announced distinct plans to slash property taxes, each promising relief for homeowners while outlining different fiscal strategies.
Lt Gov Patrick’s “Operation Double Nickel”
Lt. Gov. Dan Patrick revealed a proposal to expand the homestead exemption for seniors. He said the plan would lower the eligibility age from 65 to 55 and raise the exemption to $180,000 for all homeowners. Patrick added, “From 65 to 55 will cost our budget about $1.3 billion. That is very doable.”
Patrick believes the state’s growth fuels higher tax revenue, which should be returned to Texans in the form of cuts. He also noted the plan would be the most responsible way to fund schools while reducing property taxes.
Gov Abbott’s Five‑Point Property Tax Cut
Gov. Greg Abbott outlined a five‑point plan, with a key component that would eliminate school district property taxes entirely. “We can and we must completely abolish the school district property tax for homeowners and homestead owners,” Abbott said during an event in Weslaco.
Abbott cited a budget surplus that exceeds $11 billion a year, saying, “When we get that budget surplus, the first thing we should do with it and the only thing we should do with it is return it to you, the people.”
He maintained that the surplus would cover the cost of eliminating school taxes without raising other taxes, adding, “All we gotta do is use our budget surplus from our roaring economy to make sure we abolish one of your property taxes in this state.”
Dialogue and Cooperation
During the news conference, Patrick asked, “Where will the money come to run any kind of government except sales tax?” He warned that ending school property taxes could force the state to raise the sales tax from 8.25 cents to 14 or 15 cents, effectively doubling it. Abbott responded that the surplus would fund the change.
Both leaders emphasized a willingness to collaborate. Patrick said, “I applaud the governor for trying to get property taxes down low. We can agree or disagree on some things.”
Key Takeaways
- Patrick’s plan lowers the senior homestead exemption age to 55 and raises the exemption to $180,000, costing $1.3 billion.
- Abbott proposes abolishing school district property taxes, citing an $11 billion annual surplus.
- Both officials stress returning surplus revenue to Texans and are open to working together on tax relief.
The divergent strategies highlight the debate over how best to use Texas’s growing revenue to ease the property tax burden for residents.
Morgan J. Carter is a Texas-based journalist covering breaking news, local government, public safety, and community developments across Austin. With more than six years of reporting experience, Morgan focuses on delivering accurate, clear, and timely stories that reflect the fast-moving pulse of the city.
At newsofaustin.com, Morgan reports on everything from severe weather alerts and traffic updates to city council decisions, crime reports, and the issues shaping daily life in Austin. Known for reliable fact-checking and a strong commitment to public-interest journalism, Morgan brings readers the information they need to stay informed and engaged.
When not tracking a developing story, Morgan enjoys exploring Austin’s neighborhoods, attending local events, and connecting with residents to share the voices and experiences that define the community.
