This study examines six Texas cities, providing evidence that local property taxes could be much lower if local goverments controlled spending using a tax and expenditure limit based on population growth plus inflation.
Texas City Eliminates Their Property Taxes
On September 10, the City of Von Ormy cut its already low property tax rate from $.12 to zero. Von Ormy has had a history of dedication to low, or no taxes, with 2024 being the first time they even adopted a tax rate since 2014. The city approved a zero-property tax rate even as...