Texas Senators voted unanimously to increase the homestead exemption to $140K to provide tax relief to Texans. If passed in the House, it could mean some homeowners will pay $0 on school district taxes.

SB 4 would increase the Homestead Exemption from $100,000 to $140,000, and up to $150,000 for seniors and disabled people.

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.