Lawmakers late Monday passed a compromise on tax relief that would increase homestead exemptions on school taxes, saving the average

While Texans pay no state income tax, if they are homeowners, they currently pay the sixth-highest effective property tax rate in the nation.

Our governments rely on a two-legged stool for revenue: a tax on consumption based on sales price and a levy on the value of our homes and business assets. The former is straightforward; the latter is a nightmare.

Chapter 313, a decades-old law designed to lure companies to Texas with property tax breaks, expires in 2022. Lawmakers looking to renew it face opposition from critics who say it’s unfair to many Texas schools.

While the tax incentive program that helps bring business to Texas has been criticized as too generous, supporters say the tax benefits to the state are greater than the incentives provided.