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It will be interesting to see if Texas ends up with some sort of Proposition 13 equivalent given property values and property taxes have been increasing a prett
by somethoughts 4y ago
It will be interesting to see if Texas ends up with some sort of Proposition 13 equivalent given property values and property taxes have been increasing a pretty significant rate.
Fight over increased property taxes in Texas becoming political
https://www.youtube.com/watch?v=gzUwoFVUc_I https://www.youtube.com/watch?v=gzUwoFVUc_I
Texas voters to decide on 2 propositions that could impact property taxes
https://www.youtube.com/watch?v=Nz67VXkjRfg https://www.youtube.com/watch?v=Nz67VXkjRfg
It seems like the Texas Homestead Exemption Act is starting to morph into something analogous to Prop 13. Perhaps if there's enough growth in tech jobs (and more billionaires start hiding out there) they'll end up with an income tax like California and New York.
- cryptonector 4y agoTexas already has a homestead exemption.
- jamiek88 4y agoHaving lived in Texas for 20 years I find that hard to foresee as no state income tax is such an often used flex there but stranger shifts have happened. I moved from an ostensibly low tax state, Texas, to one with an income tax but my overall burden for state costs is pretty much the same or slightly lower as property taxes are low and there is no sales tax (8%+ in Texas). I was paying over $1500 month in property taxes in Houston burbs. They’ll get you somehow!