TX Senate Adopts Elderly Property Tax Rate Relief

By: Associated Press
By: Associated Press

AUSTIN -- The Texas Senate Wednesday approved a bill that means elderly homeowners would get the same property tax relief everyone else has already benefited from.

The measure now goes to the House.

Lawmakers last year reduced school property tax rates for most homeowners by one-third, phased in over two years, to comply with a court order.

But the tax relief did not apply to elderly and disabled homeowners because their tax bills are frozen under a provision in the state constitution protecting them from increases in tax rates and property values.

Lifting the freeze, even for a reduction, requires a constitutional amendment, which must have statewide voter approval.

The issue will be on a May ballot if approved in the House and signed by Governor Rick Perry.

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