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.
Higher Taxes on the Horizon: City of Mineral Wells
Many city, county, and school district officials are right now deciding where to set tax rates for the next fiscal year. In some cases, these local decisions will push property taxes higher, creating new challenges for families struggling with affordability. Given the very real prospect of tax hikes on the horizon, now is the time...