Empower Texas: Houston De-Annexed to Lower Commercial Valuation. Skirts Property Taxes.

As part of an economic development deal with the City of Houston, Valero’s refinery within Houston’s city limits was de-annexed. Thereby, Valero has a lower property tax burden. Information Intelligence

Empower Texas reacted, like this:

• “allowed to skirt around Houston’s property taxes”
• “Essentially this means that city hall could reduce property tax on any Houston homeowner, but they chose Valero.”
• “While the average homeowner in Houston could benefit from a property tax break, developers are using theirs to build lavish lofts.”
• “Reports show the city’s deficit is growing and it seems that there is no effort from city hall to curb the growing debt. Rather than taking away tax-breaks from businesses to increase inflow, City Hall chooses to increase rates on taxpayers.”  

Empower Texashttp://www.empowertexans.com/around-texas/bayou-city-favors-big-business-over-taxpayers/