In the 2015 session, legislators considered a promising proposed constitutional amendment to give cities, counties, and other local taxing units the option of lowering property taxes through a flat-dollar homestead exemption. The measure passed the Senate and the House Ways
Early voting begins October 19 for the upcoming statewide elections, where Texans will vote on seven proposed constitutional amendments. CPPP encourages all Texans to learn about the implications of these proposed amendments for the future prosperity of our state. CPPP has
Hundreds of bills have run out of time in the Texas Legislature, but a flurry of amendments and maneuvers mean several policy solutions – and some policy nightmares – still have a chance of passing. Here is a preview of
In Texas, school districts grant residential homeowners a flat-dollar-amount homestead exemption of $15,000, but local governments are currently prohibited from doing the same. While they can offer percentage exemptions, the ability to offer flat-dollar-amount homestead exemptions would benefit both homeowners
Public attention is currently focused on the large tax-cut bills that both the House and the Senate passed, in different forms. The House plan, which would reduce the rates of the sales and franchise tax, would cut the amount of
This week we’ve looked at a number of tax policy proposals coming out of the Senate, including those that are part of the $4.6 billion tax cut package announced by Senator Jane Nelson and Lt. Governor Dan Patrick.
On Tuesday, Senators Jane Nelson and Charles Schwertner drew much attention when they announced several major tax cut proposals, including a homestead exemption increase. As part of our week-long series on tax policies, today we’re looking at proposals to
A homestead exemption subtracts a certain amount from the appraised value of your home to arrive at the taxable value, on which your tax bill is based. Current law allows any taxing unit — including a city, county, school, or special