May 20, 2017
Today, the Texas Association of REALTORS® announced its strong support for the property tax reforms provided in Senate Bill 669 by Chairman Jane Nelson, as amended by the Texas House.
2017 Texas Association of REALTORS® Chairman Vicki Fullerton explained that House’s version of Senate Bill 669, as amended by Chairman Dennis Bonnen, ends the common practice of local elected officials misleading taxpayers when budgets are adopted at the local level.
By creating an enhanced taxpayer-notification system and improving how property tax data is collected and publicized, property owners will be able to engage their local governments at the very beginning of the rate-setting process.
“We are very pleased with Chairman Bonnen’s session-long effort to add transparency and honesty to the Texas property tax system. It’s been a long battle and the Texas Legislature is very close to ending the Hidden Property Tax.
“We believe SB 669 provides taxpayers with the transparency they deserve during the property tax-rate setting process and we hope the Texas Legislature agrees this bill will improve the property tax system,” Fullerton said.
About the Texas Association of REALTORS®
With more than 110,000 members, the Texas Association of REALTORS® is a professional membership organization that represents all aspects of real estate in Texas. We advocate on behalf of Texas REALTORS® and private-property owners to keep homeownership affordable, protect private-property rights, and promote public policies that benefit homeowners. Visit texasrealestate.com to learn more.
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