The marquee proposal would increase the amount of a home’s value exemption from school taxes to $140,000 from $100,000. The legislation must win approval from the House next.

In a unanimous vote Tuesday, the Texas Senate Committee on Local Government passed a property tax relief bill onto the full Senate for a vote. Governor Greg Abbott declared property tax relief to be an emergency item this legislative session,

In the latest of his many attempts to curb Texas' high property taxes, Republican Governor Greg Abbott wants to give the state's homeowners the power to weigh in on every hike. It's a move that critics warn could have a dramatic impact on the funding for public services in the Lone Star State.

Senate Bill 4 would raise tax exemptions on Texans’ primary homes to $140,000 and would apply only to taxes levied by public schools. If approved by both chambers, the tax cut would be on voters’ ballots in November.

The continuing cry for relief from ever rising property taxes is fully underway at the State Capitol with particular focus on slashing the burden for seniors.

State lawmakers are considering a plan to lower property taxes. The bill, that is quickly moving through Texas Legislature, would increase the homestead exemption.

SB 4 promises to provide more tax relief for homeowners and cash payments to local schools to replace a chunk of the revenue stream districts would lose.