In an interview with The Texan, Texas Comptroller Glenn Hegar indicated that it is possible Texas will have an estimated $30 billion account balance when the Texas Legislature reconvenes in January of 2023. In March, we reported that it was estimated to be near $25 billion. In response to the interview, Texas Gov. Greg Abbott…
Tag: property tax
Texas GOP State Convention Concluded, Here Is What Happened
Thousands of Republicans from across the state of Texas, descended into Houston last week to participate in crafting the platform for the Republican Party of Texas (RPT) among other party organizational items for the next two years. Elected delegates to the convention began arriving last Monday to participate in committee hearings and get the process…
In Recent Senate Finance Hearing, Taxpayers Told To Wait For Relief
In a recent Texas Senate Finance Committee Hearing, the subject of high property tax appraisals came up during a discussion on what should be done about the interim charge they were to consider related to property tax relief. The committee members acknowledged that many Texas homeowners are lamenting the massive increase in appraisals, acknowledging that…
Texas Home Appraisals Are At All Time Highs
2022 has been an unprecedented year on a number of fronts. Texas, like the rest of the nation, has experienced record inflation, record gas prices, and sky-high home appraisals. Why have home prices been so high? Is it just a result of inflation or are there other factors at play? According to a recent Forbes…
Recent Polling Suggests Property Taxpayer Confusion
Understanding Texas’ property taxes, or more specifically understanding the means by which property taxes are levied, collected, distributed, and ultimately who bears responsibility for the increasing property tax burden in the state is admittedly a confusing endeavor; potentially intentionally so. In a recent poll conducted by the UT Tyler and Dallas Morning News, Texans were…
10 Facts About Property Taxes In Texas
Property taxes are one of the most confusing systems that taxpayers are tasked with understanding in Texas. The system itself is purposely complicated, with lawmakers changing definitions and the state Tax Code nearly every two years, it is nearly impossible for the average taxpayer to keep up. Fortunately, there are some lawmakers attempting to make…
Inflation Hits a 40 Year High… Again
The latest Consumer Price Index (CPI) data released Tuesday reveals that year-over-year inflation for the month of March hit 8.5%. This was a 1.2% increase from the previous month of February. Inflation has become a major problem for most Americans and unfortunately, it does not seem to be showing any signs of slowing down. The…
Taxpayers Suffer As Superintendents Prosper
Last week the Texas Education Agency (TEA) released its most recent superintendent’s salary report to the public. The report includes some disturbing results and shows that the average superintendent makes considerably more than the average Texan. The top ten highest-paid superintendents in the state all make above $340,000 annually. Compare that to the average Texan’s…
Texans Prepare to Protest Property Appraisals
If you are a Texas property ‘owner’ it is likely you have already received your property appraisal this week from your county’s appraisal district. Many Texans are reporting higher than expected appraisals, which almost assuredly translates to an increased property tax burden. Though it is not entirely the reason, Texas has been the recipient of…
Republican Primary Voters Overwhelmingly Support Eliminating the Property Tax
Tuesday, among a litany of other issues included on the Republican Primary Election ballot, were ten propositions for Republican voters to consider related to specific policy positions. One of those, Proposition 2, was specific to the collection of the property tax in the state of Texas, and based on the results, over three-quarters of all…
Property Tax Elimination Proposition on the Upcoming Republican Primary Ballot
The 2022 Primary Election season is already well underway and for voters choosing to participate in the Republican primary election, among choosing between a litany of candidates up and down the ballot, they will also have the ability to consider a ballot proposition specific to property tax elimination. Republican Primary Election Ballot Proposition on…