Menu

Property Tax Resources

47 minutes reading time (9471 words)

Texas Property Tax Updates

Updated MARCH 2019

Texas Legislature

The 86th Texas Legislature convened on January 8th for its biennial session that will run through May 27th. The primary and reoccurring focus of the legislature will be on the intertwined issue of Property Tax Reform and School Finance Reform.

Property tax reform consists of attempts to reduce the property tax burden. Texas ranks 13th in property tax per capita. It ranks 46th in overall tax burden per capita. This contrast is due to the absence of a state income tax.

HB 2 and SB 2 attempt to reduce tax levy growth by capping increase in total taxing unit property tax revenue growth at 2.5% per year. Any increase in tax levy above that amount would require voter approval. Currently the overall growth in property tax is about 5.5% per year. Each of these bills made it out of their respective committees but will face strong opposition from local governments on the floor of both the House and the Senate.

The desire for property tax reductions is in conflict with the desire to expend more for public school finance. Currently public schools receive 58% of their financing from local property tax. This is an increase from 52% just 10 years ago.

Property tax as always is a topic of interest. Over 400 property tax related bills have been filed in this legislative session.

Greg Hart
Popp Hutcheson PLLC
American Property Tax Counsel (APTC)

Tennessee Property Tax Updates
Utah Property Tax Updates

American Property Tax Counsel

Recent Published Property Tax Articles

PROTECT YOUR RIGHTS TO PROTEST TAX ASSESSMENTS IN TEXAS

​​Learn best practices for meeting property tax deadlines and handling property tax appeals.​

Beset by ever-increasing tax assessments, Texas property owners are allowed to seek a remedy by protesting taxable property values set by appraisal districts. The property tax system can be intimidating, however, and the process is complex and fraught...

Read more

How Office Owners Can Help Lower Sky-High Property Tax Assessments

​The American Property Tax Counsel argues that if a property tax assessment is premised on a uniform per-square-foot value, rental rate or vacancy rate for all office properties in a metro area, the assessor is likely going to overlook distinguishing factors in submarkets that could benefit building owners.

Managing fixed expenses...

Read more

Unfair Taxation? Governments Need to Fix the Right Problem

​Investors should be wary when taxing authorities single out properties to be assessed in a method that is inconsistent with the treatment of other taxpayers in the same class, says attorney Kieran Jennings.

Recently, The New York Times published an article on property taxes imposed on retailers under the headline "As...

Read more

Member Spotlight

Members

Forgot your password? / Forgot your username?