“Project Penguin” is dead. The Marble Falls Economic Development Corp. Board of Directors terminated a previous agreement with the anonymous manufacturer during its regular meeting Wednesday, June 1. The company, which would have brought 120 jobs to the area, opted out of the move due to the Texas tax system, said EDC Executive Director Christian Fletcher.

The Texas real estate market is red hot, and your recent property appraisal likely reflects that. The average selling price of a home in Texas in 2021 was up 18%, and substantially higher in some areas. Property taxes in Texas are high enough, and the prospect of an 18% or more jump in that tax…

Billions of dollars in investment are being targeted at Central Texas. The projects all have something in common: They are seeking Chapter 313 incentives from local school districts. How does the program work, and why are we seeing so many applications all of a sudden?

Craymer said the role of state government is indirect at best when it comes to property taxes because rates are set locally and not by the governor or Legislature.

Tax rates across the state are now dropping, and tax bills, though rising, are increasing at their slowest rate in years — well below the growth rate of Texans’ personal income and inflation.