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In a meeting for the city council to set priorities heading into a new quarter, city leaders focused on ways to slash the budget faced with budget shortfall.
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Next step will be action in the state House, where budget writers have different plans for distributing property tax help.
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This legislative session, Texas lawmakers are hoping to lower property taxes and increase funding for the state’s public schools. Meanwhile, local taxing entities say the state’s recent efforts to curb property taxes are making it harder for them to fund the services they provide.
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The marquee proposal would increase the amount of a home’s value exemption from school taxes to $140,000 from $100,000. The legislation must win approval from the House next.
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Local officials, school advocates and tax policy experts said such a proposal could have dire impacts on basic services.
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Gov. Greg Abbott touted Texas’ strong economy in his State of the State address Sunday, where he also laid out a list of priorities he wants Texas lawmakers to focus on in the months ahead. These include creating a school voucher-like program and lowering Texans’ property taxes.
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Both proposed budgets earmark $1 billion for a school vouchers program.
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The city of Denton saw home sales activity fall 10% year-over-year in December. Pending contract activity plummeted 38.6%! What happened? Simple. The more affluent property owners and buyers who had been keeping the averages propped up for most of 2024 took an early vacation.
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Appraisal district board members voted 6-3 against renewing their membership at a Dec. 13 meeting, citing the association’s legislative agenda and the testimony of its legislative chair, Brent South, to lawmakers.
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Dallas County's property costs are passed on. Rent — and renters' insurance — had gone up.
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Dallas ranks number 10 of 50 cities with the most residents whose property taxes have gone up the most.
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Denton County residents should receive their property tax statements in the mail soon, as a delay in mailing was caused by multiple factors, including this year's election.