According to this Houston Chronicle article the Cypress-Fairbanks school district is considering cancelling the 20% homestead exemption on property taxes for homeowners within its district. The cap for senior citizens would remain in place. Apparently, this move would generate an extra $35 million in revenue for a district facing a nearly $30 million deficit.
Cy-Fair ISD considering major tax increase | Front page | Chron.com - Houston Chronicle
Seems like a move that makes sense for that district, although it is likely to be highly unpopular with local taxpayers. Anyone heard of other districts considering something similar?
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Texas School District Considers Cancelling its P-Tax Homestead Exemption
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