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.
Kudos, Tarrant County
Fiscal conservatism is alive-and-well in Texas’ 3rd largest county. As evidence, consider that Tarrant County officials last year approved a tax rate below the no-new-revenue (NNR) tax rate, resulting in an astonishing “13.17 percent” rate reduction. As impressive as that was though, county leaders took things one step further by creating a 10% local option...