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Senate approves lower voter-approved tax rate for larger cities and counties
Summary
Senate Bill 10, which reduces the voter-approved property tax rate from 3.5% to 2.5% for cities and counties over 75,000 population, passed on third reading with a recorded vote of 18-12; senators debated potential impacts on local budgets and exemptions in the truth-in-taxation calculation.
The Texas Senate passed Senate Bill 10 on third reading, approving a change that lowers the voter-approved tax rate from 3.5% to 2.5% for cities and counties with populations above 75,000.
Senator Bettencourt, who moved final passage, said the bill "will lower the voter approved rate to 2 and a half percent on cities and counties above 75,000 in population, providing more property tax relief starting next year." Opponents warned…
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