Texas House and Senate reach a deal on how to cut property taxes

Contributing sentiments towards policy:

52% : Patrick and Senate tax-cut writers agreed with the House on allocating $12.3 billion for property tax cuts but wanted to use only 70% of that amount for tax rate compression so they could use the rest to pay for a boost to the state’s school district homestead exemption, the amount of a home’s value that can’t be taxed to pay for public schools.
48% : Half of those are part of the income tax or property tax systems, while others are treated as rebates, according to an analysis by Every Texan.
45% : It would also cut taxes to small businesses and send billions of dollars to school districts so they can cut their tax rates across the board, according to details made public by state leaders Monday.
38% : Housing and tax policy experts warned that such a proposal would have all kinds of nasty side effects without ultimately cutting tax bills and was a non-starter for Patrick and Senate Republicans.

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