Texas school districts, cities and counties rely heavily on property taxes to pay for roads, libraries, police, firefighters and public schools. But lowering tax bills has long been a difficult endeavor.
Texas' explosive growth is increasing home prices and their taxable values. As residents worry about dramatic jumps in property tax bills, officials are grappling with ways to slow property tax growth., our daily newsletter that keeps readers up to speed on the most essential Texas news.
The growth rate of home values in the state’s major metropolitan areas has surged by double digits. In Harris County, the state’s most populous county, residential values have risenIn Bexar County, the median value of a home appreciated nearly 25% to $265,540.And in Travis County, where the state’s housing crunch has been most apparent, the median home value has skyrocketed — climbing more than 50% since last year to $632,208.
But an increase in value doesn’t necessarily guarantee a dramatically larger tax bill, appraisers and property tax experts caution. It’s likely that at least some local governments will have to cut their property tax rates in order to fall in line with recent state laws meant to slow property tax growth. And the state’s top elected officials are already making new promises to bring down Texans’ property tax bills. But recent laws haven’t stopped property tax growth altogether.Property tax collections have risen more than 20% since 2017, according to data from the Texas comptroller’s office. Texans paid an estimated $73.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Teachers in Southlake, Texas, asked to sign ‘non-disparagement’ agreementsOfficials added a clause to teacher contracts in Southlake, Texas, banning them from criticizing the school district. Legal experts say it's a violation of the First Amendment.
Read more »
Massive Bitcoin mining operation comes to North TexasNavarro County will soon be home to a massive Bitcoin mining operation. Riot Blockchain believes the site about 10 miles south of Corsicana will one day be the biggest in the world, employing around 900 people.
Read more »
Texans' draft pick Kenyon Green of Texas A&M: What to knowKenyon Green started at four spots in offensive line last season, showing the versatility...
Read more »
Man Charged With Killing 18 in Texas Convicted of 1 MurderA man charged with killing 18 older women in the Dallas area over a two-year span was convicted Thursday in one of the cases against him and was immediately sentenced to life in prison without parole. The verdict for 49-year-old Billy Chemirmir came in a second trial after the first jury to hear that case deadlocked. Chemirmir was found guilty of capital murder in the March 2018 smothering of 81-year-old Lu Thi Harris. Prosecutors said that after Chemirmir and Harris were both at the same Walmart, he went to her home, killed her and stole jewelry. Prosecutors weren’t seeking the death penalty. He has maintained that he’s innocent.
Read more »
Oklahoma House sends Texas-style abortion ban to governorA Texas-style abortion ban is heading to the Oklahoma Governor's desk. Gov. Stitt is expected to sign it, and if so, it will immediately go into effect due to the bill's emergency provision.
Read more »
In a World Already Full of Bad Ideas, Greg Abbott Suggests New Town Called 'Twitter, Texas'Texas Gov. Greg Abbott has a vision for the state, and toward that end, he sure does have a lot of ideas. He’s tried to get Texas declared a so-called Second Amendment sanctuary state. He’s started building his own border wall as part of theatric campaign to clamp down on...
Read more »