We are thrilled to announce that on June 11th, 2023, the Texas House passed House Bill 2 (HB2), a groundbreaking piece of legislation authored by Representative Jodie Laubenberg. This bill is poised to revolutionize the property tax landscape in Texas, offering an astounding $12 billion in tax relief.
HB2 introduces several key provisions that will positively impact property owners throughout the state. First and foremost, it includes a remarkable reduction in the school district maintenance and operations tax rate. Previously set at $1.17 per $100 of taxable value, this rate has now been lowered to just $1.04 per $100 of taxable value. Such a significant decrease will result in substantial savings for homeowners and businesses alike.
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