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Were talking Texas politics tonight. Today, Speaker of the House State feeling outlined how he wants to see you get property tax relief. Well, feelings proposal calls for $17 billion in cuts and a stricter cap on how much school districts can tax each year. ing to the Texas Tribune, Phelan is looking to cut school district property taxes by 28%. He also wants to include commercial property owners. In this tax cut plan, tax experts warn, however, placing a cap on property taxes could discourage people from buying new homes, which would create a shortage and then further drive up home prices.