Homeowners and businesses are struggling under the weight of Texas’ property tax. In 2015, more than 4,100 taxing jurisdictions levied $52.2 billion in property taxes, an increase of almost $12 billion over the past five years. On a per-capita basis, Texas’ property tax imposed a burden of $1,900 on every man, woman, and child in the state and cost a family of four nearly $8,000. It's time for a property tax trigger.
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...