Texas House’s property tax bill calls for $17 billion in cuts, tighter appraisal cap
Texas House Speaker Dade Phelan’s proposal reveals the different roads the Texas House and Senate want to take on property taxes — and the fight that might emerge between the two chambers this session.
Read MoreIs Texas a tax haven? Not for businesses that pay higher taxes here than in other states
High property-tax rates can discourage large expansion projects, such as Texas Instruments’ chipmaking plant in Richardson. Many business leaders are pushing to replace a major tax-abatement program that expired at the end of 2022.
Read MoreTTARA research release: Appraisal caps come with high cost to others
For Immediate Release Contact: Kirsten Voinis February 13, 2023 …
Read MoreMany Texans want appraisal caps for property tax relief. Here’s why they won’t fly in Austin.
Though some Texas counties saw single-family home values rise 20 percent or more on average in 2022 (in Harris County, it was 21 percent; in Bexar County it was a whopping 28 percent), the experts see appraisal caps as a stopgap that ultimately won’t drive tax bills down.
Read MoreHow does public school funding work in Texas – and how would property tax relief affect it?
With the Texas Legislature set to tackle property taxes this year, the stations of the Texas Newsroom examine the state’s high rate: what led us here and what are some ways that taxpayers could see relief.
Read More