The tax relief package passed by the 88th Legislature and approved by voters on November 7, 2023, delivered a great deal of school district property tax relief as promised. However, most of that property tax relief was realized by homeowners and has set Texas on a course of taxing residential and business property unequally.

Under reforms enacted in 2019, rising property values force down tax rates, helping to keep a lid on tax bills.

In 2022, Texas’ appraisal cap protected homeowners from skyrocketing appraisals, but it added $4 billion to the tax bills on rental property, new home buyers, and businesses.

Or Everything You Wanted to Know about the Revenue Estimate, the Budget, the Spending Limit, and the Rainy Day Fund, but Were Afraid to Ask

Texas has a reputation as a low tax state, but that reputation doesn’t live up to reality for all taxpayers.