Lawmakers Want Property Tax Cut That Folks Notice
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by Aman Batheja
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Nine
years ago, Texas lawmakers cut school property taxes across the
state. "This is a tax cut Texans can take to the bank and count on in
the years to come," Gov. Rick Perry boasted as
he signed the bill in Houston in 2006.
But
Perry, and every member of the Texas Legislature, soon found that
homeowners didn’t see it that way. The bill saved taxpayers $14.2 billion over
two years, but many still watched their property tax bills go up due
to rising values and higher local tax rates.
This
year, Republican leaders hope to pass property tax relief that taxpayers
will actually feel, even as the package being proposed is a fraction of that
passed in 2006.
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