Property tax relief in Texas, perhaps, but not right away

Edgar's picture
Property tax relief in Texas, perhaps, but not right away

STATE ANALYSIS

While trying to limit the annual growth of property taxes in Texas, the Legislature gave local governments an incentive to raise taxes nearly 8 percnet this year. Maybe it was unintentional, but the state gave the locals a reason to raise property taxes faster than they would have without state action.

Everyone who’s seen a car dealer’s TV spots or commercials for a yearending sale at a furniture store understands how this works: It’s a classic closeout sale. You tell the customer there’s a big change right around the corner — a new model year, higher prices, new rules. And you add that there’s a better deal for anyone who acts quickly, to help the dealer clear the car lot, to assist that poor furniture store owner who wants to reduce inventory before the new year begins.

 

 

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