Appraisal Caps Come with High Costs to Others The Texas Taxpayers and Research Association (TTARA) has released a new report assessing how appraisal caps impact property taxes. TTARA’s study, The Price of Appraisal Caps: Higher Taxes for Everyone Else, assessed the impact of Texas 10% appraisal cap. TTARA’s study found that in 2022, appraisal caps saved…

Today, Texas House Speaker Dade Phelan announced House committee assignments for the 88th legislature. The Ways and Means Committee is particularly important to TTARA as it oversees all state and local tax legislation. Morgan Meyer (R–Highland Park) returns as chair of the Ways and Means Committee, as well as Shawn Thierry (D–Houston) as Vice-Chair. Seniority…

TTARA Releases Budget Assessment With the introduction of the House and Senate general appropriations acts, Senate Bill 1 and House Bill 1, and the previous release of Comptroller Hegar’s biennial revenue estimate, the money situation for the 88th Legislature has become clear and lawmakers are sitting on a record mountain of money, as detailed in…

The lack of a personal income tax makes Texas an attractive place to live and do business for many reasons. It saves the average family of three close to $4,000 a year. Owners of Small businesses can reinvest their individual tax savings and help their businesses grow. For larger businesses, Texas is an attractive headquarters…

In this issue Effort to Advance School Property Tax Incentives Shifts Reminder: 2023 TTARA Legislative Session Meeting Schedule & Webcast Dates Effort to Advance School Property Tax Incentives Shifts With the expiration of Chapter 313 of the Tax Code this past week, Texas no longer has the ability to offer any type of tax abatement…