|
Gov. Greg Abbott announced his bid for a fourth gubernatorial term Nov. 9, laying out an ambitious six-pronged plan to make “out-of-control property taxes finished in Texas.”
The details: Abbott's goals include eliminating property taxes charged by public school districts, which make up the majority of an average homeowner’s property tax bill. Some conservative groups and lawmakers pushed for an end to school property taxes during recent state legislative sessions.
The governor’s plan to limit local tax increases includes:
- Limiting annual local government spending
- Requiring approval from two-thirds of local voters for all tax hikes
- Allowing local residents to petition for an election to roll back tax rates
- Requiring property appraisals to occur once every five years
- Capping appraisal increases at 3% per year, down from 10% today
- Asking voters to eliminate school property taxes
The other side: "Throughout Gov. Greg Abbott’s nearly 11-year term as Texas governor and 30-year career in Texas politics, things have only gotten worse for Texans,” Texas Democratic Party Chair Kendall Scudder said in a Nov. 9 statement.
|