In the short-term, Texas should reform burdensome local property taxes by improving the appraisal process and strengthening the rollback provision. Ultimately, Texas should eliminate property taxes and transition to a reformed sales tax.
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...