Between 1995 – 2015, local property taxes in Texas increased by 227%, or $36.2 billion dollars. This type of growth in local property taxes is far outpacing personal income growth. Many property owners, who are unable to pay their local property taxes, are either forced to sell their home or their property is foreclosed by local taxing entities.
The 86th Texas Legislature began their legislative session on January 8, 2019, and many legislative leaders have made property tax reform a top priority.
Senate Bill 2 has advanced through the Senate and the House, and now lawmakers will meet in a conference committee to work out the two chambers’ differences.