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…

Judging from their tightly regulated timetable, property appraisal review board members are about halfway through meetings with homeowners and others disputing local appraisal notices mailed out this spring. 

When state lawmakers last year decided to kill a ballooning economic incentive program that had allowed some of the country’s biggest corporations to collectively avoid paying billions of dollars in school property taxes, it shocked even the program’s many critics.

The out-of-state manufacturer that was eyeing a project that would have brought 120 jobs to Marble Falls has moved on. Officials in the Hill County city west of Austin pin the blame on the state’s business personal property tax and its effect on smaller communities.

“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.