New TTARA Report Takes the Mystery Out of the Texas Property Tax System Today we are proud to release TTARA’s latest research report on what can be the most mysterious tax many Texans pay – the property tax. In the research report – The Property Tax in Texas – TTARA aims to shed light on…

Houston ISD Board of Trustees Approved May 6 Re-Vote on Recapture Last night the Houston ISD Board of Trustees approved 5-3-1 putting the authorization to pay recapture on the May 6, 2017 ballot. Judging by the testimony at the school board meeting and the vehement objections by some of the Board members, it won’t be…

February 6, 2017 Houston ISD School Board Will Vote to Put Recapture Authorization on May 6 Ballot We notified you last week that the Commissioner of Education has issued a directive that he will deduct 50% of local optional homestead value when calculating recapture payments from property wealthy school districts. Because that directive lowers the…

February 3, 2017   In this issue: Governor Outlines Budget Priorities in his State of the State Speech LBB Efficiency Review Released Bills of Interest: Franchise Tax, Local Sales Tax Administration and Property Tax Legislative and Property Tax Committee Meetings Wednesday Feb. 8 Webcast Update Thursday Feb. 9 Governor Outlines Budget Priorities in his State…

Commissioner’s Directive Reduces Houston ISD Property Detachments Commissioner of Education Mike Morath issued a directivelast night that, beginning with the current school year, TEA will recognize 50% of the optional homestead exemption when calculating the amount recaptured from property wealthy school districts. This will reduce the recapture/detachment demands on Houston ISD by approximately $60 million,…