This fall, voters will decide whether to raise the homestead exemption yet again. Lawmakers used state tax dollars to offset local school property taxes. Monday, Gov. Greg Abbott signed the two bills ...

One bill raises the homestead exemption from $100 thousand to $140 thousand.

"Never before has the Texas Legislature allocated more funds to provide property tax relief than they did this session," Abbott said in a press release after legislative approval.

How it works is homeowners can shave $140,000 off the taxable value of their home when paying school district property taxes.