Experts say while the two proposals would save the average Texans about the same in taxes each year, they would have drastically different consequences.
Homeowners across North Texas have been getting their property tax appraisals, and they are coming with some sticker shock. Experts say home prices are up 20% over last year while inventory is down 30%.
"I know so many families like ours that we've discussed this with that can't afford this kind of increase every year," she said.says his teaching salary is not keeping up with property tax increases that come from soaring appraisals.In the Texas House, lawmakers are proposing to lower the yearly cap on taxable values from 10 percent to 5 percent, but SMU economist Mike Davis says that kind of proposal has been tested in California and led to some issues.
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