Billions in property tax cuts need Texas voters' approval before taking effect. Here's what you need

[RandySF]

A $12.7 billion package of property tax cuts goes before voters later this year, promising to deliver savings to millions of property owners in Texas suffering from skyrocketing tax bills.

Gov. Greg Abbott signed the legislation creating the cuts last weekend, officially closing months of negotiations among the state’s top Republicans. But before they can go into effect, Texas voters will first have to decide in a constitutional election on Nov. 7 whether to allow the state to spend billions in taxpayer money — mainly collected from Texans during the past two years — to pay for the massive cuts. If approved, an outcome that seems likely given voters’ support of tax cuts in the past, the changes would be applied for the 2023 tax bills due in January.

Here’s what you need to know to make your decision.



https://www.texastribune.org/2023/07/27/texas-property-tax-cuts-explained/

[TheRealNorth]

1. Of course, good luck seeing any of that tax cut if you rent.....

The property owners will just pocket it and buy a bigger boat.

[GreenWave]

2. Property taxes are insane.

They punish honest people who own a home. Others who have several houses can call them "investment properties" or something like that and pay a lot less provided they do not live in one for more than 6 months.

We pay a shitload here in Virgin Eye a where the local repugs rake in the dough based on their perception of what their friend, the assessor, says your property is worth. Then they take some of the boondoggle and regale the hotels with free sand that we paid for. So they get a beach. The moms and pops whose stores etc, helped build this city have been pushed aside by giant hotels as they expanded outward into the Ocean, blocking the moms and pops origiinal beach front, which naturally the Atlantic wants to reclaim.

So I think there should be a cap for homeowners who stay in their homes long term. No more taxes after a certain amount has been paid and/or consecutive years lived. Let your bloated tax dodgers fork over the $.