Property Tax Relief On Its Way

Property Tax Relief and Santa Claus are both on their way to Texas. Whether one or both are real is a bigger question. Senator Bettencourt filed SB 182 to cut the tax rollback rate in half.

The Senator’s words:

“If property appraisals go up, tax rates should come down; otherwise property tax bills will continue to go through the roof. In this example, a 5 penny tax rate cut means that homeowners and business owners would both get the same tax relief because the taxing jurisdictions would have to keep their rates below the new, lower rollback tax rate limit.”  [Breitbart]