Texas' explosive growth is increasing home prices — and their taxable values. As residents worry about dramatic jumps in property tax bills, officials are grappling with ways to slow property tax growth., our daily newsletter that keeps readers up to speed on the most essential Texas news.
And in Travis County, where the state’s housing crunch has been most apparent, the median home value has skyrocketed — climbing more than 50% since last year to $632,208. “Many factors complicate how property taxes are calculated,” said Adam Perdue, a research economist at the Texas Real Estate Research Center at Texas A&M University.
"One of my top goals this coming session is to reduce property tax substantially, and that will reduce the cost of doing business," Abbott said during a March event for the U.S. Chamber of Commerce in Austin."It will also reduce the cost of living."
How about just AbolishPropertyTax ? Why should our seniors lose their home because they can't afford relentlessly increasing property taxes on a home they already own? What's the point of home ownership then? How about ending property tax for retired home owners over 65?
Cities are helping blacks stay in their homes as prices increase but whites are no lower class and treated with Sharia Law. They must suffer.
One day climate change will pop the bubble
We need a progressive state income tax. And a new government.
Property taxes should be fixed at the purchase price, with a capital gains tax on proceeds from a future sale. Done, solved it. Nobody should be taxed out of their homes.
I recommend a good hard look at Prop 13 and it’s consequences before heading down the same path. A few modifications might make it more workable. But beware the damage to the education system. And tax the commercial properties!