# Understanding Weaver’s Property Tax Practice

By Business Services · Published 2023-12-14 · Updated 2026-07-02 · Professional AV on MarketScale
Canonical: https://www.marketscale.com/industries/pro-av/weaver-property-tax-practice
Creator hub: Weaver

> Recent legislative shifts create substantial tax savings opportunities for both residential and commercial property owners nationwide

## Key points

- Texas legislation increases homestead exemptions and adjusts tax rates.
- A new 20% cap affects commercial properties under $5 million.
- Understanding the property tax cycle is crucial for real estate transactions.

In this insightful episode of [Location3](https://marketscale.com/shows/weaver/), a **Weaver**: Beyond the Numbers podcast, hosts [Howard Altshuler](https://weaver.com/about/people/howard-altshuler) and [Aaron Grisz](https://weaver.com/about/people/aaron-grisz) engage with [**Stephen Arredondo**](https://weaver.com/about/people/stephen-arredondo), **Weaver**'s property tax leader. They delve into the nuances of property tax, recent legislative changes, and their implications for residential and commercial property owners.

**Key Points:** 

- Homeowners can receive significant savings due to increased homestead exemption and tax rate compensation in Texas.
- The introduction of a 20% cap on commercial properties less than $5 million, impact property taxes and budgeting.
- It is critical to fully understand the property tax cycle and its impact on real estate transactions.

Block Field

This episode highlights the recent changes in property tax legislation, particularly in Texas, where homeowners can anticipate substantial savings. The increase in homestead exemption and compression of the tax school rate are pivotal in reducing tax bills, reflecting the state's effort to return surplus funds to the people.

> You can hire somebody to do something and still not understand what they're doing.
> *— Stephen Arredondo*

**Stephen Arredondo** emphasizes the importance of education in property tax matters. This statement underscores the need for property owners to be informed about their tax obligations and the effects of market changes on property values.

Subscribe and listen to future episodes of *Location3, a **Weaver**: Beyond the Numbers Podcast,* on [Apple Podcasts](https://itunes.apple.com/us/podcast/weaver-beyond-the-numbers/id1454557574?mt=2) or [Spotify](https://open.spotify.com/show/62oGgoc3SkSK8nNGM7Vq4A).

Tags: Aaron Grisz, Beyond the Numbers, Howard Altshuler, property tax, real estate, Stephen Arredondo, tax legislation, Weaver Podcast

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