Texas’ property tax is big and fast-growing. In 2016, more than 5,100 local tax jurisdictions levied more than $56 billion in property taxes, making it the single largest tax imposed in the Lone Star State. Of the total levy, school district taxes accounted for the bulk of the burden at $29.9 billion followed by cities ($9.2 billion), counties ($9 billion), and special districts ($8 billion). On a per capita basis, Texas’ property tax is large enough to collect more than $2,000 from every man, woman, and child in the state or more than $8,000 from a family of four.
May 2024 Bond Election Report
This report examines the true cost of bond propositions considered in the May 2024 election cycle and offers recommendations to improve debt transparency and accountability. Key points: Texas voters considered almost 325 bond propositions on May 4th, 2024. Of those, approximately 260 measures were approved. The total repayment cost for every bond measure proposed was $38.8 billion....