Tax policy is messy. Here are a few tips to help you understand what the recent voter-approved tax cuts mean for your mortgage.
property taxes
Posted in
Politics
Texas homeowners and businesses will get a tax cut after voters approve Proposition 4
The $18 billion property tax-cut package is aimed squarely at lowering school district property taxes, which make up the lion’s share of a Texas landowner’s property tax bill.
Posted in
Politics
Texas voters gave retired teachers raises and approved new infrastructure funds as most constitutional amendments passed
Voters approved a massive property tax cut and several other measures, but refused to raise the mandatory retirement age for judges.
Posted inPolitics, Public Education, State Government
Taxes, state parks, infrastructure: Texans will decide 14 constitutional amendments today
Texans are being asked to cut property taxes, create a new fund for water infrastructure and give child-care facilities a tax exemption among other propositions. Here’s a breakdown of each constitutional amendment and what you need to know to vote.
Posted in
Economy
Texas proposition lets voters decide whether to cut property taxes for homeowners and businesses
Proposition 4 could usher in a bevy of property tax changes. That includes using $12.7 billion from a record state budget surplus to lower school district taxes.
Posted inState Government
Taxes, state parks, infrastructure: What you need to know about the Nov. 7 constitutional amendments election
Early voting begins Monday in the Nov. 7 elections. Here’s a breakdown of the 14 constitutional amendments on the ballot.
Posted in
Public Education
How a state effort to fund Texas schools equitably is shortchanging dozens of rural districts
For decades, the Texas comptroller’s office has double-checked property valuations across the state, which help determine how much school districts can levy in property taxes. But when state and county appraisers disagree, districts can end up with big holes in their budgets.
Posted in
Economy
Billions in property tax cuts need Texas voters’ approval before taking effect. Here’s what you need to know.
Legislation passed this month would raise the state’s homestead exemption to $100,000, lower schools’ tax rates and put an appraisal cap on residential and commercial properties, among other measures. But voters must approve a constitutional amendment first.
Posted in
Texas Legislature 2023
Gov. Greg Abbott signs $18 billion tax cut package for Texas property owners
At a time when the state has some of the nation’s highest property taxes, the initiative was a cornerstone of his 2022 reelection campaign.
Posted in
TribCast
TribCast: Texas lawmakers approve property tax cuts after 7 months of trying
In this week’s episode, we discuss the winners and losers — politically and financially — after lawmakers approved an $18 billion tax cut bill.
