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 & Spending
State of Play: Real Property Tax Cuts
The one-pager outlines our analysis of how a “real cuts” plan compares with scenarios of a 2.5% rollback rate excluding debt and a 4% cap including debt. The current rollback rate is 8%, but it does not include local debt increases. Additionally, a tax ratification election on rates that exceed 8% can only be held...
April 12, 2019