Research association: ‘Property tax bills would not be going up unless local jurisdictions wanted to spend more’
A big factor in the rising cost of property tax rates can be directly tied to how much money local jurisdictions want to spend, the Texas Taxpayers and Research Association (TTARA) said in a recent report.
Read MoreState of Texas: Tax relief on the ballot as homeowners see skyrocketing appraisals
The latest report from the Texas Real Estate Research Center at Texas A&M shows that the median home price in the state reached $300,000 in 2021, which is a record. The report found that values are growing at a rate of 15.6% annually. Some metro areas are seeing even faster growth. It’s 18.8% in Fort Worth and…
Read MoreTexas lawmakers weigh property tax relief as home values swell
As Texas homeowners reel from skyrocketing appraisal values, state lawmakers on Thursday floated ideas to curb their tax bills by using surplus state funds and further restricting the annual growth of a home’s taxable value.
Read MoreTexas Taxpayers and Research Association: ‘property tax bills would not be going up unless local jurisdictions wanted to spend more money’
A report by the Texas Taxpayers and Research Association (TTARA) that citizens are beginning to realize their property taxes are increasing in line with the value of their homes.
Read MoreAs Texas home values skyrocket, state officials wrestle with how to slow property tax increases
Texas school districts, cities and counties rely heavily on property taxes to pay for roads, libraries, police, firefighters and public schools. But lowering tax bills has long been a difficult endeavor.
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