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Dallas County Judge Clay Jenkins proposes cutting property tax rate (again)

June 2, 2017
An image of a home by 'Inspiration de' via Unsplash

From The Dallas Morning News, “Dallas County Judge Clay Jenkins proposes cutting property tax rate.” For the second year in a row, Dallas County Judge Clay Jenkins will seek to cut the county property tax rate “to help working families.” Property values across the county rose by 11 percent this year, but after owners protest their assessments, officials expect the final tally to mark a 7.2 percent rise…

Texas

Illusory property tax cuts

May 20, 2017
Home / house photo by Drew Coffman via Unsplash.

From The Texas Tribune: “Property tax relief doesn’t equal extra money in your pocket.” The Texas Legislature is touting a bill β€” Senate Bill 2 β€” that would make it easier for property owners to protest big tax increases from cities, counties and special districts. However, state promises of property tax relief tend to evaporate. Look in your wallet for the $126 in touted average savings you stashed…

Texas

How the elimination of state and local tax deductions could impact Texans

May 15, 2017
Photo of 20 dollars by Vitaly, Sand City, United States - via Unsplash

From The Dallas Morning News: “How would Texans fare if Trump and House Republicans end state and local tax deduction?” Lone Star State lawmakers fought for years to give their constituents a fair shot at a wallet-fattening break on state and local taxes, eventually securing Texans the right to deduct sales tax from their federal returns just like other states’ residents do for income tax. But now some…

Texas

Rebranding property tax relief in Texas

May 10, 2017
Downtown Houston by Vlad Busuioc via Unsplash.

Texas lawmakers are still fighting over property taxes. Without a state income tax and skimpy state aid, local governments rely heavily on property taxes for things like emergency services. Property tax relief is a popular campaign item for state lawmakers, so there are a few bills that seek to limit ability of cities to raise property taxes. In March, Texas’ Senate Finance Committee passed Sen. Paul Bettencourt’s bill…

Daily Texas

DMN: Texas moves to eliminate its business tax

April 28, 2017
Man in suit by Nigel / NX VISION, UK via Unsplash.

From The Dallas Morning News:Β  The Texas House late Thursday tentatively approved a bill that would gradually eliminate the business-franchise tax. Members weighed business owners’ gripes about the “margins tax” being a burden against Democrats’ arguments that to end it would jeopardize future funding of core state services such as public schools, state colleges and safety-net programs. The chamber landed on the side of business, 98-45. The vote…