Little Property Tax relief thanks to Abbott and Phelan (rental, houses)

[blameyourself]

https://www.texastribune.org/2023/05...roperty-taxes/

“Governor Abbott has finally shown his cards. He chooses to give homeowners 50% less of a tax cut, nearly $700 a year, to give corporations more. This is not what homeowners expected when they voted for him," Patrick's statement read.

Notably absent from the House version and Abbott’s special session call was an expansion of the state’s homestead exemption, which allows Texans who own their primary residence to subtract a large chunk from the taxable value of their homes.

[ilovepizza1975]

I mean...duh, right?

Was anyone expecting actual relief?

[blameyourself]

Originally Posted by ilovepizza1975

I mean...duh, right?

Was anyone expecting actual relief?

Patrick's plan would have actually been some reasonable relief. I believe he was looking for a $100k homestead exemption.

[WRM20]

If you aren't getting an exemption larger than the state minimum, complain to your local elected officials. Keep in mind that unless the State provides a lot more money, school taxes won't be reduced, even with higher exemption amounts. And, why shouldn't owners of rental property get some kind of relief as well?

[blameyourself]

Originally Posted by WRM20

If you aren't getting an exemption larger than the state minimum, complain to your local elected officials. Keep in mind that unless the State provides a lot more money, school taxes won't be reduced, even with higher exemption amounts. And, why shouldn't owners of rental property get some kind of relief as well?

All I keep hearing about is this big surplus that Texas has. Why shouldn't school taxes be reduced if there's that big of a surplus?

[detachable arm]

You can’t expect to live in a state considered an economic powerhouse and have low taxes.

On a side note, it looks like Texas republicans are divided amongst themselves, following a national trend.

[albert648]

Originally Posted by WRM20

If you aren't getting an exemption larger than the state minimum, complain to your local elected officials. Keep in mind that unless the State provides a lot more money, school taxes won't be reduced, even with higher exemption amounts. And, why shouldn't owners of rental property get some kind of relief as well?

Schools need to spend less.

[blameyourself]

Originally Posted by detachable arm

You can’t expect to live in a state considered an economic powerhouse and have low taxes.

I'll make sure I pass that on to long time residents that are in the process of being priced out.

[albert648]

Originally Posted by detachable arm

You can’t expect to live in a state considered an economic powerhouse and have low taxes.

False. Plenty of economic powerhouses around the world have low or practically no taxes.

[detachable arm]

Originally Posted by blameyourself

I'll make sure I pass that on to long time residents that are in the process of being priced out.

Kinda late isn’t it? That’s been going on in other high income states for decades. Gotta pay to play…… and if you can’t the beauty of the US is you can move to a highly affordable, low tax, red state garden spot. Mississippi, Arkansas, Iowa, Wyoming, etc.

BTW We tell long time natives in the historic black hoods they’ll have to deal with the effects of gentrification or leave, because they aren’t entitled to anything. Why should it be different for any other natives who didn’t plan for their futures properly?