Are 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
Read MoreTexas city that eliminated property taxes experiencing growth
“In addition to eliminating its property tax, Von Ormy, better known as a ‘liberty city,’ carries no debt, spends little, and has more than enough cash on hand to fully cover maintenance and operations costs for a full year in the event of a sudden emergency,” she wrote. “It has stayed true to its original…
Read MoreViewpoint: Austin taxpayers face good, bad news
Your property tax bill has a lot of moving parts. Some of those parts are moving in different directions, and that’s likely to take a bite out of the relief many Texans, including those living in Austin, are expecting. First, the good news — thanks to billions of new dollars set aside by the Texas
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