The House Committee on Ways and Means convened a joint hearing with the House Select Study Committee on Sustainable Property Tax Relief, focusing on the state’s fiscal health and potential further reductions in property taxes. Chair Meyer opened the session by acknowledging the committees' commitment to Texas and highlighting the success of the previous session, which resulted in a historic $18 billion property tax cut, a 23% reduction in school district tier 1 MNO rates, and significant increases in the homestead exemption.

The committees aim to build on this progress by evaluating whether Texas' economic performance supports additional reductions in school district tax rates and considering the extension of appraisal value limitations for non-homestead properties beyond December 31, 2026. They will also assess the current homestead exemption rate and explore further reductions in appraised values for homesteads.

Comptroller Glenn Hager provided insights into the state’s financial landscape, emphasizing the importance of ongoing oversight and analysis to ensure the intended outcomes of recent legislative measures. The committees are poised to continue their work in the upcoming session, with a strong focus on delivering meaningful tax relief to Texans.