Summary: “My goal is to eliminate the school property taxes imposed in the state of Texas so that people can genuinely own their own home without being taxed out of it,” Abbott said.
Latest Update:Tuesday, 18 October, 2022
“My goal is to eliminate the school property taxes imposed in the state of Texas so that people can genuinely own their own home without being taxed out of it,” Abbott said.
Abbott, O’Rourke spar over immigration, abortion and Uvalde shooting in debate, Texas Tribune, 30 September 2022
The two candidates were also asked about how they would provide long-term tax relief for Texas property owners. O’Rourke said he would do so by finding new sources of revenue like expanding Medicaid, which would provide some relief to taxpayers who are paying for uncompensated indigent care in their communities. He also said he’d increase the state’s share of public education funding to 50% and make corporations pay their “fair share” of property taxes, and he said the legalization of marijuana could create an additional revenue fund for the state.
Abbott said he wanted to use half of the state’s estimated $27 billion surplus next session to provide homeowners with property tax relief by driving property tax rates down.
Texas Governor Commits to ‘Eliminate School Property Taxes’ Texas Scorecard, 04 October 2022
In what one pro-taxpayer group called a “bombshell,” Texas Gov. Greg Abbott said last week that he supports eliminating property taxes.
Lawmakers begin filing bills on November 14 for the next Texas Legislative session, which begins January 10, 2023.
Abbott Backs Eliminating Largest Component of Property Tax Bills in Texas, The Texan, 12 May 2022
The governor of Texas now supports eliminating the largest component of Texans’ rising property tax bills.
Governor Greg Abbott told KPRC 2 Houston this week, “I strongly support using the state surplus to reduce the amount of property taxes owed.”
He then stated the Texas legislature should eliminate the school district Maintenance and Operations (M&O) tax rate in a lasting manner, not a one-time buydown.
“This has to be done in a way so mathematically it can be calculated so if we put in a billion or five billion whatever, it will be enduring for every year into the future,” he added.
Put together, this outline of a policy is essentially the Texas Public Policy Foundation (TPPF) plan called “Lower Taxes, Better Texas.”
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