In the short-term, Texas should reform burdensome local property taxes by improving the appraisal process and strengthening the rollback provision. Ultimately, Texas should eliminate property taxes and transition to a reformed sales tax.
Growing Pains: The Cost and Contribution of Impact Fees in Texas
Texas’s rapidly growing population requires new infrastructure and improvements, which oftentimes come at great expense. To fund these projects, local officials often impose impact fees on new development—but their use comes at a cost. Key points: Texas is the fastest-growing state in the nation. As such, it has robust infrastructure requirements. To help finance capital...