AUSTIN, Texas – Efforts to curb soaring property taxes are gaining momentum at the Texas State Capitol, with a particular emphasis on easing the financial burden for senior homeowners.
SB-4 Advances, Aims to Raise Homestead Exemption
Texas Senate Bill 4 (SB-4), which seeks to increase the homestead exemption for school taxes, has cleared its first major hurdle, advancing out of committee. If enacted, the measure would raise the exemption from $100,000 to $140,000 per year, offering an average annual savings of $500 for millions of Texas homeowners. Notably, it would eliminate property tax costs entirely for approximately 80% of senior homeowners.
“It is a tragic reality that some individuals lose their homes simply because they cannot afford the taxes,” said Susan Spataro, a taxpayer advocate.
Charles Scoma of the Texas Silver-Haired Legislature echoed similar concerns, emphasizing the challenges seniors face. “Many older Texans are at risk of homelessness due to fixed incomes and rising costs. Staying in their homes is not just a financial issue—it’s a matter of dignity and security.”
Legislative Support and Rationale
The bill, championed by Houston State Senator Paul Bettencourt, proposes a $2.9 billion investment from the state surplus to fund these exemptions. Bettencourt framed the initiative as a moral imperative.
“We have a responsibility to ensure that seniors can remain in their homes,” he stated.
Senator Mayes Middleton reinforced the sentiment, adding, “This legislation allows homeowners over 65 to afford staying in the homes where they raised their families. No one should have to sell their home just because they can’t keep up with property taxes.”
The Debate: Relief vs. Other Priorities
Despite overwhelming bipartisan support, some voices have urged lawmakers to consider alternative spending priorities. During Tuesday’s committee hearing, critics argued that tax reductions could divert funds from critical state needs.
“We need to assess whether additional tax cuts are the best use of state funds,” said Shannon Halbrook of the advocacy group Every Texan. “We should also be looking at investments in public education, infrastructure, our state workforce, and healthcare.”
A Key Provision: “Hold Harmless” for Schools
One major component of SB-4 is a “hold harmless” provision, ensuring that every dollar in tax relief granted to homeowners is reimbursed to Texas school districts. This measure aims to prevent funding shortfalls in public education.
With unanimous committee approval, SB-4 now moves to the full Senate for a vote. If passed, it could provide significant relief for homeowners—especially seniors—while sparking continued debate over the state’s fiscal priorities.