The Texas house and senate have passed a huge $18 billion property tax relief bill that will be up for taxpayers to vote on in the November 2023 elections. If it passes, it will have huge benefits for Texas homeowners, landlords, and even small business owners. The most notable part of the bill is that it would raise the Texas homestead exemption from $40k to $100k, meaning the first $100k of your home's value cannot be taxed for public schools. On a $350k home these tax cuts will save the homeowner about $1,350 a year. However in Dallas county, we will see much more than just the state required exemptions, and the more expensive your home the higher the tax savings. The tax relief would also apply retroactively for all of 2023. I cover all of this and more in today's video! Dallas Tax Estimator: https://www.dallascad.org/TaxRateCalculator.aspx 📲 Call / Text me: 214-957-2001 💻 Email: michael@bearcoastdallas.com 🤝 Set an appointment with me here: bit.ly/40HvRrQ 🎥 Subscribe here: bit.ly/3JPOiUB See my previous video here: https://www.youtube.com/watch?v=pRD18g7VgAQ Looking to buy a home in Dallas? Set a meeting with me here: https://www.bearcoastrealestate.com/schedule-free-consult/ Instagram: http://instagram.com/bearcoastrealestate Want to know what your home is worth? Click here: https://www.bearcoastrealestate.com/cma/property-valuation/ Search for homes here: https://www.bearcoastrealestate.com/search/advanced_search/ 00:00 Huge Property Tax Cuts for Texas 2023 01:38 Texas Homestead Exemptions 01:57 What's In The Texas Property Tax Relief Bill 03:58 What Are All The Different Property Taxes In Texas? 04:47 How Much Will The Property Tax Relief Bill Save You? 05:04 Property Tax Cuts In Dallas County 07:10 Dallas Home Buyers Purchasing Power Just Increased 08:08 How Will The Texas Property Tax Relief Impact The Dallas Housing Market?