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Lt. Gov. Dan Patrick unveiled a plan Dec. 9 to further raise property tax exemptions for Texas homeowners and lower the age at which Texans qualify for additional tax relief during the 2027 state legislative session.
The details: Deemed “Operation Double Nickel,” Patrick’s three-part plan asks state lawmakers to:
- Raise the property tax exemption on a Texas homeowner’s main residence, known as a homestead exemption, by $40,000
- Allow homeowners who are at least 55 years old to qualify for a larger exemption reserved for seniors and people with disabilities
- Pass legislation to drive down property taxes charged by local governments
More details: Texas is spending $51 billion on property tax relief in fiscal years 2026 and 2027, and some lawmakers have recently expressed concerns about raising tax exemptions in future legislative sessions, previous Community Impact reporting shows.
Patrick told reporters that his tax relief plan was “kept a secret” until the Dec. 9 news conference and that he had not discussed it with the governor or most legislators.
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