Texas’ property tax system has turned property owners into renters, where government is their landlord and Texans who struggle to pay annual tax bills face confiscation of their properties. Additionally, the growth of government is harming taxpayers and the economy through higher taxes and more regulation. Texans can cut property taxes in nearly half within about 11 years by eliminating district-level taxes for school M&O. We can do this by restraining state and local spending growth and using the surplus revenue produced by this to eliminate the school M&O property tax. Every dollar not spent by the state will produce a 90-cent property tax cut for Texans.
Examining Local Government Spending Trends From 2014 to 2023
City and county spending has outpaced growth in population and inflation, leading to an increase in the tax burden on Texan taxpayers. Key points: Local government spending continues to outstrip increases in both population and inflation. From 2014 to 2023, local government spending rose by 61.2%, whereas population and inflation increased by only 42.7%. Elevated...