Texas House’s property tax bill calls for $17 billion in cuts, tighter appraisal cap

Construction workers build houses in the new Teravista neighborhood in Georgetown on May 18, 2016. (Credit: Shelby Knowles for The Texas Tribune)

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Texas House Speaker Dade Phelan’s main property tax proposal unveiled Thursday calls for $17 billion in cuts and a stricter cap on how much school district taxes can go up each year, setting up a stark divide between the Texas Legislature’s two chambers on how to provide tax relief to property owners this session.