Support Property Tax Reform

Between 1995 – 2015, local property taxes in Texas increased by 227%, or $36.2 billion dollars. This type of growth in local property taxes is far outpacing personal income growth. Many property owners, who are unable to pay their local property taxes, are either forced to sell their home or their property is foreclosed by local taxing entities.

The 86th Texas Legislature began their legislative session on January 8, 2019, and many legislative leaders have made property tax reform a top priority. The Chairmen of the Senate Property Tax Committee and the House Ways and Means Committee both filed identical legislation to reform the property tax system. House Bill 2 (H.B. 2) and Senate Bill 2 (S.B. 2) are moving through the legislative process quickly!

H.B. 2 and S.B. 2 propose:

  • Lowering the rollback rate to 2.5%;

  • Expanding the truth-in-taxation transparency measures to ensure more tax information is available to taxpayers;

  • Eliminating the petition requirement for rollback elections; and

  • Moving all automatic rollback rate elections to November.

Sign our petition to tell the Texas Legislature to support H.B. 2 and S.B. 2!

 

Note: By signing, you agree to receive email messages from the Texas Association of REALTORS®. You may unsubscribe at any time.

Texas-logo
Paid for by the Texas Association of REALTORS®
Legal Disclaimer
The material provided here is distributed without warranty of any kind, implied, expressed, or statutory. While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no claims, promises, or guarantees about the accuracy, completeness, or adequacy of the information provided here or elsewhere on hiddenpropertytax.com and expressly disclaims liability for any errors and omissions. Any legal or other information found here and elsewhere on thehiddenpropertytax.com, or at other sites to which we link, should be verified before it is relied upon. The material provided here is for informational purposes only and is not intended as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of legal principles discussed in this material may differ substantially in individual situations.