Businesses don’t pay taxes, people do. For every tax government levies on a business, entrepreneurs lose the ability to hire additional employees; managers have less money to give their workers; customers pay higher prices for products; and investors see their returns disappear. In short, everyone is made poorer.
Assessing Tax Trends in Hidalgo County
Does history suggest that property taxes are too high in Hidalgo County? And, if so, have local decision-makers actively helped or hurt the situation? To help answer these questions, let’s review the county’s 2023 Annual Comprehensive Financial Report (ACFR) and gather four types of data—i.e., tax levies, local population, total tax rates, and taxable values—over a 10-year time horizon. Using...