by Dallas Republican Rep. Morgan Meyer also would slash rates on schools’ main property levy, delivering a $461 tax break next year for the owner of a $350,000 home – and $590 in fiscal 2025, Phelan said.
The House “is going to focus on property tax relief in a new way, the likes of which we haven’t seen in many, many decades,” he said at a policy summit sponsored by the conservative think tank the Texas Public Policy Foundation. Under an amendment to the Texas Constitution voters approved in 1997, the appraisal for a home declared as a homestead may not increase more than 10% a year. Phelan said spiraling real estate values make notices of new appraisals traumatic.
“You get your appraisal, you hold your breath and open it. It’s like getting a letter from the IRS. This is not good news,” he said.
individual homeowners can protest their bill to lower their property taxes!
Oh, man. I see them throwing up their hands in disagreement and saying, 'let's try again in 2 years'. .... and then moving on to pass some ridiculous law that helps no one.
Why is no one asking why in the hell did they tax us so bad for so many years in the first place to have such a surplus of funds?
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Leaders of Texas Legislature battle over property tax reliefAs House Speaker Phelan promises 'the largest property tax cut in Texas history,' Lt.... Let me make a wild guess … big reduction for anyone with property valued at over 600,000 …. Relief for the Republican donors … I always recommend that the elected representatives do what the voters want. Could be a way to settle this dispute?
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