Texas Lt. Gov. Dan Patrick recently announced “Operation Double Nickel,” a proposal that would lower the age for senior property tax benefits from 65 to 55 and expand homestead tax exemptions.

According to Patrick’s website, the plan “would accelerate school property tax cuts, reduce school property taxes, and freeze appraised values for more than 3.3 million homeowners, forever, by taking the current over-65 freeze on taxable value down to homeowners 55 and over.”

Qualifying homeowners would see school-related property tax valuations frozen at the year they turn 55, preventing future increases in that portion of their tax bill.

Seniors already receive a details ⇒

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