Leaders of Texas Legislature set battle lines over property tax relief
The elected leaders of the Texas House and Senate on Thursday slammed each other’s competing proposals for reining in property taxes, establishing an early rift between the two chambers over how to deliver the relief and who should receive it.
Read MoreTexas House’s property tax bill calls for $17 billion in cuts, tighter appraisal cap
Texas House Speaker Dade Phelan’s proposal reveals the different roads the Texas House and Senate want to take on property taxes — and the fight that might emerge between the two chambers this session.
Read MoreIs Texas a tax haven? Not for businesses that pay higher taxes here than in other states
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.
Read MoreTTARA research release: Appraisal caps come with high cost to others
For Immediate Release Contact: Kirsten Voinis February 13, 2023 …
Read MoreMany Texans want appraisal caps for property tax relief. Here’s why they won’t fly in Austin.
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.
Read More