$13 billion property tax vut, sppraisal cap trial run approved by Texas voters
In the end, Lt. Gov. Dan Patrick gotmuchofwhathewanted — the $100,000 standard homestead exemption — and Speaker Dade Phelan (R-Beaumont) got some of what he wanted, namely a three-year trial run on a 20 percent appraisal cap for businesses worth $5 million or below.