Beware of Snake Oil “Property Tax Relief”
Are you tired of rising appraisals driving up your property tax bill? Some chief appraisers around the state are touting a path to “tax relief” for Texans suffering economically from the COVID-19 pandemic: Freeze the value of your property for tax purposes at last year’s lower amount. Bexar and Ellis counties already have adopted resolutions…
Read MoreWaiting for Tax Relief? Texas Homeowners Will Get Less Than Expected.
Between the school finance bill that cut property tax rates and the property tax reform bill which limited future growth of them, 2020 is the first year the Legislature’s plan for tax relief kicks in. Last year, lawmakers estimated the former bill would lower school district property tax rates by an average of 8 cents per $100 valuation in…
Read MoreAre the billions Texas lawmakers committed for schools and lower property taxes sustainable?
2019 may have been the perfect year for lawmakers to pass an ambitious and expensive school finance reform and property tax reduction plan. Now Texas politicians face questions about whether doing so — without raising taxes elsewhere — will be sustainable in less auspicious times.
Read MoreBusiness Personal Property Tax Reform Considered by Senate Finance Committee
Tuesday’s Senate Finance Committee interim hearing, led by State Sen. Jane Nelson (R-Flower Mound), brought with it the reemergence of a familiar topic: property taxes.
Read MoreTexas homeowners won’t be surprised by this ranking. Why are property taxes so high?
Officials like to credit the state’s lack of a corporate or personal income tax for making Texas one of the best states for business, but skyrocketing property values have given it a less-desirable ranking: one of the highest effective property tax rates in the nation, according to various studies a
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