Texas’ local property tax is big and fast-growing. In fiscal 2013, local governments received in excess of $45 billion in property tax revenue, making it the single largest tax imposed in the Lone Star State. Of the total levy, school district taxes represented more than half of the overall burden, at $24.9 billion. The number of taxing jurisdictions levying a property tax grew to more than 4,000 statewide, an increase of 10.6% compared to a decade prior.
‘Tis the Season—for Property Taxes
The ornaments are packed away. The mailbox is filling up. The season of giving has passed into the season of paying what you owe, and just as that credit card statement is on its way from Christmas so too is the next property tax bill beginning to take shape. Tax relief promised by the Texas...