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News

Texas Legislature fails to address Gov. Abbott’s No. 1 priority: property taxes

Published on August 16, 2017 under CommunityImpact

Signing off 27 hours early prior to the official end of the special session, the Texas House of Representatives effectively ended debate on what Gov. Greg Abbott has called his No. 1 priority in the special session: property tax reform. The two chambers had been battling it out over the past several days on how to tackle the issue—mainly on the amount to limit rollback tax rates. As it stands, Texas law allows entities to exceed the effective tax rate (which allows an entity to collect the same amount of revenue as the year prior) by 8 percent before holding […]

The post Texas Legislature fails to address Gov. Abbott’s No. 1 priority: property taxes appeared first on Community Impact Newspaper.

Source: Community Impact- Round Rock

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