To rein in property taxes, two options seem to be proposed: @GregAbbott_TX using disaster powers to freeze all property valuations at 2019 levels or fighting it out with every local government on their rates as they deal with a disaster.
Which do you prefer? #TxLege
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But the taxing entities will create new (likely bigger) budgets that require new tax rates every year, right?
But we capped the amount local governments can raise those amounts. Now, appraisals are the key driver.
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Common misconception. We capped the total tax dollar-% raised after factoring in BOTH new appraised value and tax rates. You have to consider both, one is not more important than the other.
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Correct. That’s why we said ‘amount’ not ‘%’ or ‘rate’. We can explain it to em but can’t understand it for em
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