Property taxes are collected every year by local governments to pay for community services, such as schools, roads, and emergency response. But the elected officials who serve on these city councils, county commissions, and school boards aren’t the only ones with a role in this annual process. In fact, the most important person is you, the taxpayer.
Your elected officials depend on your input during the budgeting process to determine how much to collect and how to spend those funds. That’s why Texas REALTORS® is educating taxpayers about the property tax process and recent changes due to the passage last year of REALTOR®-supported property tax reform legislation.
This legislation, known as The Texas Property Tax Reform and Transparency Act of 2019 (a.k.a. Senate Bill 2), made several changes to the property tax system. And this is the first year that many of those changes will take effect, providing more transparency and opportunities for taxpayers to engage in the process.
Visit texasrealestate.com/propertytax to find several materials that explain the property tax process and what changed after Senate Bill 2. Look for more from Texas REALTORS® as communities prepare for the annual budgeting process this summer.
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