Homeowners in Texas pay significantly higher property taxes compared to homeowners in surrounding states and the nation. Reforms, like limiting increases in property tax revenue, are needed to help alleviate this burden.
Restoring Private Property Rights: Regulatory Takings
Municipal regulations like zoning ordinances can infringe on private property rights and distort the housing market. Key points: Private property rights are under threat from municipal zoning ordinances and design mandates. Texas law has failed to adequately protect property owners from regulatory takings. By closing the municipal loophole, Texas can be the national leader in...