FOR IMMEDIATE RELEASE
Contact: Noah Betz; 281-928-2089
This commentary was originally published in The Dallas Morning News.
DALLAS, TX, February 12, 2023 — We need to be clear that the Texas property tax burden does not just affect homeowners. High property taxes reduce investment, depress worker pay, increase consumer prices and push rents higher for apartment dwellers. It’s a cascading effect.
That the Legislature is putting billions into increasing the homestead exemption rather than trying to stop the growth of property taxes for all citizens is misguided. This mistake, once apparent, will be painful to correct.
But it does not have to be this way. There are many nonprofits (including my own Huffines Liberty Foundation) that have proposed solutions to our property tax burdens.
It is now up to the Texas Legislature to decide if they want to temporarily or permanently increase prosperity for all Texans. With many good options, there is no excuse for bad policy.