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.
Assessing Tax Trends in the City of Dallas
Does history suggest that property taxes are too high in the city of Dallas? And, if so, have local decision-makers actively helped or hurt the situation? To help answer these questions, let’s review the city’s 2024 Annual Comprehensive Financial Report (ACFR) and gather four types of data—i.e., tax levies, local population, total tax rates, and taxable values—over a 10-year time horizon. Using these audited estimates, we can gauge the growth of government (i.e., tax levy trends), assess its reasonability...