Texas Senate - What's Next for TX Property Tax

The Texas Senate Finance Committee has been tasked with several key reviews:

• Examining whether to continue increasing the Homestead Exemption, a policy that voters have strongly supported in recent years.

• Analyzing the effects of lowering the senior homestead exemption age from 65 to 55, a shift that would freeze home values ten years earlier for more than 3 million Texans.

• Studying how these potential changes could influence taxpayers, school district budgets, and the long‑term stability of the state’s overall tax structure.

  
  

Property tax reform remains a major focus, and this assignment signals the Senate’s interest in expanding on the substantial tax cuts passed last session.

Those who want to explore the full set of first‑round interim charges can find them here: https://www.ltgov.texas.gov/wp-content/uploads/2026/01/Senate-Interim-Charges-2025-Round-1.pdf