Potential Impact on Property Taxes
Property tax reform legislation passed in 2019 (Senate Bill 2) lowers the amount most cities and counties may increase property tax rates year to year without voter approval from 8% to 3.5%. However, a Governor-declared disaster could allow that amount to stay at 8%. Texas REALTORS®️ continues to monitor this and other issues relevant to Texas real estate.
Property Tax Education Campaign
Property taxes are collected by local governments to pay for community services, such as schools, roads, and emergency response. But local officials aren’t the only ones with a role in the process. In fact, the most important person is you, the taxpayer.
Texas REALTORS® is continuing a public campaign to educate Texas taxpayers about the enhanced transparency and engagement opportunities now in place thanks to the passage of property tax reform legislation in 2019.
Visit texasrealestate.com/propertytax to learn how you can engage in the process that determines your property tax bill.