AUSTIN (KXAN) — The Texas Tribune has called the elections on Propositions 11 and 13, which cut property taxes for homeowners, with an additional cut for disabled Texans and those over the age of 65.

State Sen. Paul Bettencourt, R - Houston, who authored both tax exemption bills, released a statement Tuesday night following the victory. "These measures will provide much-needed school property tax cuts statewide for Texas taxpayers," Bettencourt said in a statement.

Here's what you need to know about these two items.

What do Props 11 and 13 address?

Propositions 11 and 13 lower property taxes by increasing the allowable property tax exemptions for homesteads.

Proposition 11 increases homestead property tax exemptions for elderly and disabled owners. Exemptions would bump from $10,000 t

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