US EditionLt. Gov. Dan Patrick's 'Operation Double Nickel' Aims to Cut Texas School Taxes for Homeowners over 55
Lt. Gov. Dan Patrick's plan would benefit 3.3 million Texas homeowners by lowering the age for senior homestead exemption and increasing the exemption by $40,000.
- On Tuesday at the Capitol, Lt. Gov. Dan Patrick announced Operation Double Nickel to lower the senior homestead exemption age from 65 to 55 and freeze taxable home values for those 55 and over as part of the 2027 legislative session.
- Amid debate over funding, Patrick argued lowering the senior exemption age to 55 is an alternative to Abbott's property tax elimination, citing potential sales tax increases.
- Supporters estimate the $900 to $1,000 annual savings for the average Texas homeowner if the exemption is lowered to 55, benefiting roughly 3.3 million homeowners, Patrick said.
- Supporters mobilized quickly: Paul Bettencourt praised the proposal's savings and Clay Jenkins said, `I am for the $40,000 increase in the homestead exemption which will lower everyone's taxes.'
- With the average homeowner age at 58, Patrick opposed Gov. Greg Abbott's 3% appraisal cap and urged studying impacts on renters and homeowners under 55 amid unspecified plan details.
16 Articles
16 Articles
Patrick launches ‘Operation Double Nickel’ to lower senior school-tax age and expand exemptions
Lt. Gov. Dan Patrick unveils a new property tax proposal Tuesday at the Capitol, outlining “Operation Double Nickel,” a plan that would let Texas homeowners begin claiming senior school-property tax breaks at age 55
Dan Patrick Launches Operation Double Bird
Only days after Texas voters approved a $50,000 boost to the homestead exemption for homeowners 65 and older, Dan Patrick held a press conference to unveil yet another major tax break for baby boomers, even as data shows young Texans are struggling more than ever to buy a home.He is calling this “Operation Double Nickel” where the appraisal rate for homeowners 55 and older will be frozen and they will no longer be subject to appraisal-rape, effe…
Texas Lt. Gov. Dan Patrick wants senior property tax exemptions for homeowners 55 and older
AUSTIN, Texas — Lt. Gov Dan Patrick wants to lower the age requirement for senior property tax exemptions from 65 to 55, a tax plan that could shave hundreds off of tax bills for more than a million homeowners.
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