Texans are getting some property tax relief this year. Just a couple of years ago, REALTORS advocated for increasing the "Homestead Exemption" in Texas. In 2025, with rising home ownership costs in mind, the REALTORS did it again!
The tax relief that was passed during the 89th Legislative Session in Texas increases the statewide residential homestead exemption from $100,000 to $140,000. As an added bonus, seniors and disabled homeowners who claim the "Over 65/Disabled" exemption receive an additional $60,000, bringing their total exemption to $200,000. This is a huge win for home owners across Texas.
In addition to helping homeowners with affordability, the new laws help small business owners too. For small businesses, thee is a massive increase in the business personal property tax exemption - which is increasing from $2,500 to $125,000. This is a huge win for small business owners in Texas.
These provisions do require voter approval in a constitutional-amendment election in November 2025. If you are a Texas registered voter - make sure to vote to approve these 2 big changes.
As a REALTOR, I firmly believe that these wins are due to the advocacy efforts of the Texas REALTORS organization. Their political action committee (TREPAC) keeps agents involved in legislation that benefit property owners. Texas REALTORS is the trade organization for real estate professionals in Texas. While there are many benefits to membership, one of the benefits is Advocacy. REALTORS advocate for private property rights which ultimately helps consumers as much as (or more than) it helps the real estate agents. It's a great example of a win/win in real estate. As the broker for Best Home Realty and the team leader at North Texas Top Team, REALTORS; I am happy to support TREPAC and the good work that they do such as this.