High property-tax rates can discourage large expansion projects, such as Texas Instruments’ chipmaking plant in Richardson. Many business leaders are pushing to replace a major tax-abatement program that expired at the end of 2022.

For Immediate Release                                                                                     Contact: Kirsten Voinis February 13, 2023             …

Though some Texas counties saw single-family home values rise 20 percent or more on average in 2022 (in Harris County, it was 21 percent; in Bexar County it was a whopping 28 percent), the experts see appraisal caps as a stopgap that ultimately won’t drive tax bills down.

With the Texas Legislature set to tackle property taxes this year, the stations of the Texas Newsroom examine the state’s high rate: what led us here and what are some ways that taxpayers could see relief.

Republicans are wrestling over how much of the state’s nearly $33 billion budget surplus to spend on property taxes. Democrats have their own ideas about what to do with the cash.