Texas Republicans have tried to rein in property taxes for five years. Has it worked?
For the past five years, Republican lawmakers have been on a crusade to rein in the state’s property taxes, among the highest in the nation. Last year, they went big with a $12.7 billion package comprised of tax breaks for homeowners and money for school districts to drive down how much they collect from property…
Read MoreTX school districts say bonds won’t increase taxes. Ballots say otherwise. What’s the deal?
The statement must appear alongside school bond propositions, even if the measure being voted on will not increase property tax rates — a point area districts are emphasizing as voters head to the polls.
Read MoreHere’s how much Houston homeowners will save under the state’s new property tax cuts
The changes will more than double the amount that homeowners can shave off the taxable value of their primary residence for school property taxes, raising the homestead exemption from $40,000 to $100,000.
Read MoreLong-awaited $18 billion property tax-cut deal heads to Gov. Greg Abbott
A landmark $18 billion tax cut for property owners in the state is headed to Gov. Greg Abbott’s desk late Thursday, ending a monthslong stalemate among the state’s top Republicans with a deal that drew near-unanimous support from legislators.
Read MoreProperty tax cuts set to head to Texas voters on ballot. Here’s how much you could save
For months, lawmakers have feuded over what to do with property taxes. They agreed property tax cuts were needed. Less unanimous was the best way to pass savings on to Texans.
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