If you think about it, property taxes in Texas are a pretty sweet deal for the state government.
Owners of homes and other properties don’t like it so much, and neither do renters, who pay the tax invisibly through the owners of the properties they rent. Texans pay some of the highest property taxes in the U.S. The state ranks sixth nationally in property taxes paid as a percentage of owner-occupied housing value, according to the Tax Foundation. That organization ranks Texas 13th among the states in property tax collections per capita. It also says only three states rely more heavily on property taxes than Texas, where 44% of all local and state tax collections come from property taxes.
Read the full article here.
