Tuesday marked the first day lawmakers could file bills for next year’s legislative session.
Texas Republicans have been trying to reduce the state’s high property taxes for years, but some acknowledge eliminating them would be too expensive.
The first day of school will be here before you know it, and you’ll likely want to get the most bang for your buck when shopping for back-to-school materials. Those looking to save can take advantage of this year’s tax-free holiday weekend in August.
Texas has spent billions of dollars to drive down property taxes. Many homeowners saw a significant tax cut last year, per a Texas Tribune analysis.
In the state’s larger counties, voters can now elect people to the agencies that appraise property values.
The Jobs, Energy, Technology, and Innovation program cuts property taxes for new manufacturing, research and development facilities. It replaces a shuttered program criticized for its impact on school finance.
A New Braunfels business woman who failed to account for and pay her taxes was sentenced to 18 months in prison, the Department of Justice said Thursday.
The H-E-B School of Business and Administration at the University of the Incarnate Word is offering free tax preparation service through the Volunteer Income Tax Assistance program or VITA.
The view of downtown from many of the homes in the Dignowity Hill neighborhood is second to none, but they also have a front-row seat to some of the city’s biggest issues: homelessness, gentrification and rising property taxes.
Ohtani has decided to defer $680 million of the contract until after his playing days are over, meaning he’ll take in roughly $2 million of salary each year for the duration of the contract that will run through 2033.
The $18 billion property tax-cut package is aimed squarely at lowering school district property taxes, which make up the lion’s share of a Texas landowner’s property tax bill.
Voters approved a massive property tax cut and several other measures, but refused to raise the mandatory retirement age for judges.
Proposition 4 could usher in a bevy of property tax changes. That includes using $12.7 billion from a record state budget surplus to lower school district taxes.
For decades, the Texas comptroller’s office has double-checked property valuations across the state, which help determine how much school districts can levy in property taxes. But when state and county appraisers disagree, districts can end up with big holes in their budgets.
With several hundred bills awaiting action by the governor, Lt. Gov. Dan Patrick called the veto threat an affront to Texans and the legislative process.
Legislation passed this month would raise the state’s homestead exemption to $100,000, lower schools’ tax rates and put an appraisal cap on residential and commercial properties, among other measures. But voters must approve a constitutional amendment first.
Most taxpayers will be able to digitally submit a slew of tax documents and other communications to the IRS next filing season and the agency plans to go completely paperless in 2025.
At a time when the state has some of the nation’s highest property taxes, the initiative was a cornerstone of his 2022 reelection campaign.
SWBC Ad Valorem Tax Advisors President Gary Rivas joined anchors Steve Spriester and Myra Arthur to discuss the amount of property tax savings San Antonio homeowners can expect to save.
In this week’s episode, we discuss the winners and losers — politically and financially — after lawmakers approved an $18 billion tax cut bill.
Efforts to repair rifts, particularly among Republican leaders, begin as another contentious special session looms on Gov. Greg Abbott’s call for “school choice.”
The package could land on Gov. Greg Abbott’s desk by the end of the week. Voters must pass the plan in a constitutional election in November for it to take effect in the 2023 tax year.
House Democrats attempted to insert benefits for renters and more money for public education into the tax-cuts package in a series of floor amendments but were unsuccessful.
The deal would channel $12 billion to reduce the school property tax rate for homeowners and business properties, increase the homestead exemption, and create a pilot program to reduce taxes on certain residential and commercial properties. The legislation is expected to pass later this week.
Top Republicans promised property tax cuts, but have been locked in standoffs on how to achieve it. Gov. Greg Abbott has called another overtime legislative session in hopes of solidifying a plan.
Gov. Greg Abbott quickly called lawmakers back to the Capitol for round two, hoping to break an impasse that has outlasted the regular session and one overtime period.
The Senate’s latest proposal is an apparent effort to appease Gov. Greg Abbott and the lower chamber. The state’s top Republicans have been at odds for months over how to use the state’s historic budget surplus to cut property taxes.
Gov. Greg Abbott has thrown his weight behind the idea being pushed by an influential conservative think tank. Many school leaders are worried.
