Most Texas Senators have signed on to a new bill that increases the residence homestead exemption to $140,000. Twenty-nine Texas senators, headed by Sen. Paul Bettencourt (R-Houston) made the move to lower property taxes,

Proposals to cut property taxes by raising the Texas homestead exemption to $140,000 cleared a key hurdle when a bipartisan committee voted unanimously

Read more A bill aimed at lowering property taxes unanimously passed a Texas Senate committee Tuesday, clearing the way for a vote before the full Senate. The Senate Local Government Committee voted 6-0 to approve Senate Bill 4,

A bipartisan committee voted unanimously to send to the full Senate legislation that would raise the state homestead exemption by $40,000.

A Texas Senate bill to raise the homestead exemption and provide relief to the state's property taxpayers quickly passed out of committee Tuesday.

State lawmakers are considering a plan to lower property taxes. The bill, that is quickly moving through Texas Legislature, would increase the homestead exemption.

A bill is making its way through the Texas legislature that would cut homeowners some slack: Senate Bill 4 by Sen. Paul Bettencourt, R-Houston, will raise the homestead exemption from $100,000 to $140,