Texas Senate Introduces $16.5 Billion Property Tax Relief Plan

Texas Republican State Sens. Paul Bettencourt (center), Tan Parker (3rd from left) and Republican Lt. Gov. Dan Patrick (2nd from left) held a press conference at the Texas Capitol in Austin, Texas, on March 14, 2023. Courtesy Team Bettencourt

Texas Republican Lt. Gov. Dan Patrick announced on Tuesday the Senate Finance Committee’s plan to provide billions in property tax relief.

Patrick, along with Republican state Sens. Tom Bettencourt and Tan Parker, introduced Senate Bills 3, 4, and 5 to provide $16.5 billion in property tax cuts. The state is sitting on a record $33 billion budget surplus.