In order to cut Texans’ property taxes and not just slow the growth, any property tax plan needs three parts. While these elements can be passed separately, doing so risks providing only part of the comprehensive relief Texans need now. For that reason, the Texas Public Policy Foundation plan calls for a single bill.
Taxes are High. Local Spending is to Blame.
Over the last few months, local property taxes have been described as: “steep,” “burdensome,” “stressful,” “too high,” and “out-of-control.” Yet despite these sharp (and accurate!) criticisms of Texas’ property tax, many local governments seem oblivious to the system’s excesses, as evidenced by the adoption of high tax rates this year (see TPPF’s Taxman Cometh series) as well as historical tax, spending, and debt patterns. Worse, what once may have been excused as indifference or detachment now borders on exploitation. Consider some recent revelations about local government compensation. ...