Viewpoint: Tesla tax breaks a good deal for taxpayers, economy
Many have likely heard that Tesla is considering building a vehicle manufacturing plant in the Austin area. Tesla is seeking a limited property tax discount, which will likely be the focus of most headlines, but the project itself offers a textbook study in how tax incentives can provide a win for the potential new taxpayer,…
Read MoreTexas lawmakers: Cities that exploit COVID-19 to raise property taxes beyond cap could be penalized
As the time for adopting property tax rates nears, Texas property owners are being advised to check whether their local taxing districts have used an exemption that allows setting higher property taxes following natural disasters.
Read MoreFact-check: Are Texans’ property taxes ‘no longer really dependent’ on values?
Citing economic concerns from the coronavirus pandemic, some local officials in Texas have asked state leadership to consider freezing property appraisals at their 2019 values to protect against a drastic increase in property taxes.
Read MoreProtests and Plague in the Lone Star State
Dale Craymer, the president of the Texas Taxpayers and Research Association, has estimated that the state loses $85 million a year for every $1 drop in oil prices. By one calculation, Texas has already lost at least $1 billion in revenue from the oil and gas industry.
Read MoreProperty Owners Should Be Proactive About Potential Tax Hikes During COVID-19 Economic Downturn, Policy Group Says
With the COVID-19 pandemic putting unforeseen pressure on homeowners, it’s not the time to raise property taxes to make up for lost sales tax and other revenues…
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