The bill would increase the homestead exemption from $100,000 to $140,000, and $150,000 for seniors, which is the largest exemption increase in state history.

The Texas Senate gave unanimous approval to proposals to cut property taxes by raising homestead exemptions to $140,000, sending the measures to the House.

It is now in the hands of the Texas House to decide what to do about a new property tax cut plan. The author of the Senate's plan calls it the largest exemption increase in state history. While it could save many people hundreds of dollars on property tax bills,