Winning Back-Office Strategies to Boost Your Business Agility
VIEWpoint Issue 1 | 2023
2023 Compliance Trends: Staying Ahead in an Evolving Regulatory E...
Governor Greg Abbott signed legislation on Aug. 9, 2023, delivering the largest property tax cuts in Texas history. The $18 billion property tax relief package includes provisions such as:
For tax year 2023, this relief package will save the average Texas homestead owner over $1,200. Texas homestead owners over 65 or with a disability will see over $1,400 in savings.
Up next, the package will go before voters in the November elections. If passed, an anticipated 5.7 million Texas homeowners are expected to benefit from this package, which would go into effect this year.
Doeren Mayhew’s Houston tax advisors are here to help you understand how this impacts you and your business and help proactively plan for the upcoming filing season. To obtain assistance with your tax planning needs, contact us today.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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