Big City Mayors: Support Local Control Over Property Tax Revenue

The big city mayors oppose appraisal caps and revenue caps, both of which will tie the hands of local government officials. Local control helps cities maintain their value. 

Refresher: What’s an appraisal cap?

• Appraisal caps limit the amount that the taxable value of property can be raised each year. 
• Bills this session push for either a 5% or 10% cap on an increase in taxable value.

Refresher: What’s a revenue cap?

• Revenue caps limit a city’s ability to raise overall tax revenue without voter approval.
• Bills this session would trigger an election to lower the property tax rate when a city’s revenue reaches a limit.

Dallas Morning News