Next step will be action in the state House, where budget writers have different plans for distributing property tax help.
Texans who fall behind on their property taxes face one of the most punitive systems in the nation, where private collection companies can tack up to 20% onto their bill.
House and Senate lawmakers plan to spend at least $6 billion on property tax cuts, but haven't yet agreed on how much relief should go to homeowners over businesses.
The marquee proposal would increase the amount of a home’s value exemption from school taxes to $140,000 from $100,000. The legislation must win approval from the House next.
Officials took the extraordinary step of taking on new debt to replace the old courthouse, which has been plagued by rats and other pests, elevator breakdowns and flooding.
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.
