(TEXAS TRIBUNE) - Texas homeowners and businesses are poised for bigger tax breaks.

Voters are on track Tuesday night to approve a constitutional amendment to raise the state’s homestead exemption, meaning the amount of a home’s value that can’t be taxed to pay for public schools, from $100,000 to $140,000 — shaving hundreds of dollars off of the biggest chunk of the typical homeowner’s property tax bill.

Homeowners above the age of 65 or living with disabilities looked primed to see even bigger cuts after voters signed off on a separate amendment.

Businesses, too, are poised to get a break on their property taxes. An amendment to exempt up to $125,000 of businesses’ inventory from being taxed by school districts, cities, counties or any other taxing entity appeared on track to p

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