Texas Legislature
In a swift special session Tuesday, the Texas House of Representatives gave their counterparts in the Senate an option: take their proposal to use $12.3 billion to reduce school property taxes statewide or nothing passes this session. The move — hailed as the biggest property tax relief plan in Texas history — came just hours…
Gov. Greg Abbott announced late Monday evening that the Texas Legislature will convene for a special session, and a No. 1 priority is to “cut property taxes for hardworking Texans.” As he was sworn into his third term in January, Abbott promised to use a big chunk of the state’s $33 billion surplus to cut…
Lawmakers have long expressed concern about the Lone Star State’s dwindling water supply and low per-capita state park acreage. However, one Rockwall state representative hopes to do something about it. District 33 State Rep. Justin Holland (R-Rockwall) filed a bill March 1 to pull $2 billion from the state’s $27 billion surplus to provide water resources…
Going into the 2023 Texas Legislative session, the state’s $27 billion budget surplus has a lot of tongues wagging. However, it’s too soon to tell what kind of impact, if any, those extra funds will have on real estate-related issues such as property taxes and housing affordability. Both issues remained at the forefront of our…
New Years Day was more than just champagne hangovers and hefty drycleaning bills. Jan. 1, 2022, also ushered in a series of state laws that will affect various aspects of the real estate industry. Many of these new provisions are aimed at reducing the property tax burden and keeping more money in the pockets of…
