![\"\"](\"https:\/\/www.newsbeep.com\/us-tx\/wp-content\/uploads\/2025\/12\/1765340768_552_P_SHAUN-PROPERTY-TAX-RELIEF-530P_00.00.09.26.jpg\")
article <\/p>\n article <\/p>\n
AUSTIN – Texas<\/a> Lt. Gov. Dan Patrick announced the launch of “Operation Double Nickel” on Tuesday, which would lower the age used to designate senior citizens who qualify for saving money on property taxes.\u00a0<\/p>\n Patrick also wants to increase homestead exemptions by another $40,000 through the operation.\u00a0<\/p>\n Texas \u2018Operation Double Nickel\u2019 <\/p>\n What’s new:<\/p>\n Through Operation Double Nickel, Texas would extend the senior status to about 3.3 million more residents, Patrick says.<\/p>\n The property tax savings would include the freezing of school-related property tax valuations, which locks the amount of property tax designated for schools to the year a resident qualifies for the exemption. That would mean the year a Texas homeowner turns 55, that section of property tax would stop increasing.\u00a0<\/p>\n Texas seniors are partially exempt from school property tax as well. This amount was recently increased from $10,000 to $60,000.<\/p>\n Qualifying Texans are expected to save about $900 to $1,000 per year if the proposal is passed; up to $10,000 in savings between the new qualifying age of 55 and the previous bar of 65.\u00a0<\/p>\n Planned homestead exemption increases <\/p>\n Patrick also said he wants to increase homestead exemptions by another $40,000.\u00a0<\/p>\n The increase would take the exemption from $140,000 to $180,000 for non-seniors, and from $200,000 to $240,000 for Texans over the age of 55.\u00a0<\/p>\n A homestead exemption reduces a home’s assessed value for tax purposes. For example, a senior Texan with a home worth $300,000 would be taxed as if it were worth $100,000. If Patrick’s proposal were adopted, that number would be lowered to $60,000.\u00a0<\/p>\n What’s next:<\/p>\n Patrick offered up the idea to the Texas Legislature, recommending the proposal be addressed in the next session.\u00a0<\/p>\n Long-term, Patrick said he hopes to see school property tax eliminated in Texas.\u00a0<\/p>\n Recent Texas property tax decreases <\/p>\n Texas legislators passed two bills this session regarding property tax breaks for homeowners.\u00a0<\/p>\n Senate Bill 4<\/a> increased the homestead exemption from $100,000 to $140,000, reducing how much a home\u2019s value can be taxed. The bill also guarantees school districts would not lose funding as a result of the exemption.<\/p>\n Senate Bill 23<\/a> increased the homestead exemption for older homeowners and those with disabilities from $10,000 to $60,000.<\/p>\n Proposition 7<\/a> approved a larger break on homestead exemptions for surviving spouses of Texas veterans that died from a service-connected illness.\u00a0<\/p>\n The Source: Information in this story came from a Dan Patrick press conference and previous FOX Local reporting.\u00a0<\/p>\n Texas<\/a>House and Home<\/a>Economy<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"article AUSTIN – Texas Lt. Gov. Dan Patrick announced the launch of “Operation Double Nickel” on Tuesday, which…\n","protected":false},"author":2,"featured_media":82607,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[22733,242,2349,223,27,29,28,216,393,16351],"class_list":{"0":"post-82708","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-texas","8":"tag-house-home","9":"tag-lifestyle","10":"tag-money","11":"tag-news","12":"tag-texas","13":"tag-texas-headlines","14":"tag-texas-news","15":"tag-tx","16":"tag-us","17":"tag-us-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/82708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=82708"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/82708\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/82607"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=82708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=82708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=82708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}