Texas Applying Property Tax Break Due To Surplus

[Polo Vazquez]

Hi BP!
The Texas Governor just announced a $33billion surplus. He also stated that of those $33 billion, $15 billion will be used to help Texas with Property Taxes. 

My question is, what is the best way to implement this tax cut?  They mentioned they might give the money back by increasing the Homestead exeption. This would mean that you would only get a break on your primary residence. I believe this would be a fair strategy but then all the people that rent would get nothing. I know they don't pay property taxes directly, but they indirectly they do. As investors, it would be awesome if they just slash ALL property taxes across the board this way we get a tax cut on all of our properties. The idea being that landlords hopefully lower rent since they are saving more money. However, we know this might not happen so this method might be soon as helping the rich mostly and the poor not enough. How would you distrubute this money? Property taxes  in Texas have gone substantially due to home values skyrocketing during the Pandemic. I really hope they can figure something out.