Texas leaders are promising property tax relief during this year’s legislative session. It’s unlikely that will lower your taxes, but it might slow future increases. The Texas Tribune’s Ross Ramsey’s column looks at the ongoing battle over property taxes in Texas.
Restrain, reform, rein in, restrict and limit are not synonyms for the word Texas property taxpayers crave: cut.
This is an alert: Your property taxes will not be falling, in spite of all the talk about easing property taxes that is emanating from the Texas Capitol.
State lawmakers can’t make property tax rates come down. They’ve tried. It didn’t make rates come down. And even trying is expensive: It would cost the state just under $2.5 billion to replace a dime’s worth of local school property taxes; that is, to lower the property tax rate by ten cents. On a $250,000 home, that would amount to overall savings of about $20 per month in property taxes.
