, our daily newsletter that keeps readers up to speed on the most essential Texas news.
Proposition 1, a measure to essentially cut school district property taxes for homeowners who are 65 and older or disabled, passed by a wide margin, according to Decision Desk. “It’s not that meaningful,” said Chandra Kring Villanueva, a program director at the left-leaning nonprofit organization Every Texan who focuses on school finance. “What it’s really doing is slowing the growth of the school tax bill rather than seeing an actual savings for the majority of homeowners.”
Texas homeowners’ property tax bills are among the highest in the nation — the result of the state’s reliance on property taxes to finance local governments, particularly public schools, as well as the lack of a state income tax. In general, the amount of property taxes a homeowner owes in a given year depends on the tax rates set by cities, counties and school districts where they live and the value of their home.
Abbott has floated a “taxpayer bill of rights” that includes ideas to further cut school property tax rates, make property appraisals more transparent and limit local governments’ ability to take on new debt without first asking voters.
PatrickSvitek “Modest” is the key Texas legislative gimmick
You say it like it's a bad thing...