This perspective provides a comparison of two types of taxes–consumption vs. business–and their effects on the state economy. It finds that all taxes are not created equal and they produce very different incentive effects on the state’s long-term economic health.
Taxes & Spending
Texas City Eliminates Their Property Taxes
On September 10, the City of Von Ormy cut its already low property tax rate from $.12 to zero. Von Ormy has had a history of dedication to low, or no taxes, with 2024 being the first time they even adopted a tax rate since 2014. The city approved a zero-property tax rate even as...
September 22, 2026