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.

Increasing the homestead exemption would cost the state roughly $3 billion over two years and add to a growing tab of property tax cuts.

After claiming to pass the greatest property tax relief bill two years ago, which included loopholes allowing local jurisdictions to increase property taxes by close to 10%, the Texas Senate passed another bill again claiming it will reduce property taxes.