Texas lawmakers: Cities that exploit COVID-19 to raise property taxes beyond cap could be penalized
As the time for adopting property tax rates nears, Texas property owners are being advised to check whether their local taxing districts have used an exemption that allows setting higher property taxes following natural disasters.
Read MoreFact-check: Are Texans’ property taxes ‘no longer really dependent’ on values?
Citing economic concerns from the coronavirus pandemic, some local officials in Texas have asked state leadership to consider freezing property appraisals at their 2019 values to protect against a drastic increase in property taxes.
Read MoreTTARA research release: The Highs and Lows of Texas Taxes
For Immediate Release Contact: Kirsten Voinis JUNE 8, 2020 …
Read MoreProperty Owners Should Be Proactive About Potential Tax Hikes During COVID-19 Economic Downturn, Policy Group Says
With the COVID-19 pandemic putting unforeseen pressure on homeowners, it’s not the time to raise property taxes to make up for lost sales tax and other revenues…
Read MoreLess spending, not freezing home values, better for property tax relief, policy group says
While a state lawmaker’s call for a freeze on property values could provide some semblance of relief for homeowners amid the COVID-19 economic downturn, it’s the municipalities setting the tax rates that can provide real help, an Austin economic policy group says.
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