Real Texas property tax relief is coming, but which is fairer -- raising homestead exemption or lowering appraisal caps? (Editorial)
, according to the Tax Foundation. Because our state is one of a small handful without a personal income tax, property tax revenue is critical. It pays for our public schools, streets, police and fire departments, libraries, parks and local governments.
to end the 2022-23 biennium, the first thing that came to mind for many lawmakers was"property tax cut." And why not? Paying down some portion of our soaring tax bills is both politically popular, and practical to some degree, even if that relief could ultimately be ephemeral, lead to continued under-investment in public education and shut out renters.
Meyer's bill more directly addresses the appraisal sticker shock problem. Limiting year-over-year appraisals to 5 percent and extending it to all types of property would protect against sudden property value spikes. Yet they are also inherently unfair, benefiting wealthier homeowners — whose property values tend to appreciate faster — over middle- and lower-income homeowners.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
You 'love love' it: H-E-B tops Texas Monthly's bracket of Texas brandsH-E-B topped a Texas Monthly March Madness bracket of iconic Texas brands, following Texan vote.
Leer más »
Texas vs. Texas A&M: A baseball rivalry renewedLonghorns and Aggies met in College Station for one night with an eye on resuming full...
Leer más »
Streaker at Texas A&M/Texas game is Aggies cross country athleteTexas A&M cross country runner Spencer Werner arrested after streaking at baseball game vs. Texas
Leer más »
San Antonio-based H-E-B voted the ultimate Texas brand by Texas Monthly readersH-E-B's crowning as the best brand in the Lone Star State was part of a March Madness-style competition. SanAntonio SATX SanAntonioTX SanAntonioFood Texas HEB TexasBusiness
Leer más »
Texas Senate education committee approves ESA billEducation savings account efforts were previously knocked down in Texas House as rural Republicans and urban Democrats worry about draining money from public...
Leer más »
Texas bill advancing in the Senate would block minors from updating gender on birth certificatesOpponents of the bill call it a “power play aimed at making the lives of transgender children as difficult as possible.” The chamber is expected to vote on this legislation Wednesday.
Leer más »