Proposition 4 could usher in a bevy of property tax changes. That includes using $12.7 billion from a record state budget surplus to lower school district taxes.
property taxes
Posted inState Government
Taxes, state parks, infrastructure: What you need to know about the Nov. 7 constitutional amendments election
Early voting begins Monday in the Nov. 7 elections. Here’s a breakdown of the 14 constitutional amendments on the ballot.
Posted in
Public Education
How a state effort to fund Texas schools equitably is shortchanging dozens of rural districts
For decades, the Texas comptroller’s office has double-checked property valuations across the state, which help determine how much school districts can levy in property taxes. But when state and county appraisers disagree, districts can end up with big holes in their budgets.
Posted in
Economy
Billions in property tax cuts need Texas voters’ approval before taking effect. Here’s what you need to know.
Legislation passed this month would raise the state’s homestead exemption to $100,000, lower schools’ tax rates and put an appraisal cap on residential and commercial properties, among other measures. But voters must approve a constitutional amendment first.
Posted in
Texas Legislature 2023
Gov. Greg Abbott signs $18 billion tax cut package for Texas property owners
At a time when the state has some of the nation’s highest property taxes, the initiative was a cornerstone of his 2022 reelection campaign.
Posted in
TribCast
TribCast: Texas lawmakers approve property tax cuts after 7 months of trying
In this week’s episode, we discuss the winners and losers — politically and financially — after lawmakers approved an $18 billion tax cut bill.
Posted in
Texas Legislature 2023
Property tax special session is over, but months of acrimony could complicate Texas lawmakers’ mission as more work awaits
Efforts to repair rifts, particularly among Republican leaders, begin as another contentious special session looms on Gov. Greg Abbott’s call for “school choice.”
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Texas Legislature 2023
Long-awaited $18 billion property tax-cut deal heads to Gov. Greg Abbott
House Democrats attempted to insert benefits for renters and more money for public education into the tax-cuts package in a series of floor amendments but were unsuccessful.
Posted in
Texas Legislature 2023
Property tax cuts hit the fast track as Texas Senate advances long-awaited agreement
The package could land on Gov. Greg Abbott’s desk by the end of the week. Voters must pass the plan in a constitutional election in November for it to take effect in the 2023 tax year.
Posted in
Texas Legislature 2023
Texas House and Senate reach a deal on how to cut property taxes
The deal would channel $12 billion to reduce the school property tax rate for homeowners and business properties, increase the homestead exemption, and create a pilot program to reduce taxes on certain residential and commercial properties. The legislation is expected to pass later this week.
