Lincoln Institute Whiffs On Houston Property Taxes

Did you hear the joke about Houston property taxes where the bill on a median value Houston home is only $2360? That’s the comical assumption put forth by the Lincoln Institute of Land Policy in their 50-State Property Tax Comparison Study. In a rather wonky trip down the rabbit hole, the Lincoln Institute would have us believe that Houston has … Read More

Texas Economic Development Fueled By Taxpayer-Funded Corporate Subsidies

Texas Economic Development Gone Wild

Texas economic development continues to be fueled by taxpayer-funded corporate subsidies. An estimated $1.4 billion in property tax revenue has gone uncollected in Texas from 2005 to 2015 as a result of Chapter 313. These are the findings from the state auditor’s report in October 2016. As Texas Observer detailed last year, the free lunch to corporations doing business in … Read More

Senate Bill 2 Insufficient Fix For A Broken System

Houston Texas Property Taxes

After numerous meetings throughout the state taking copious amounts of public input through the Select Committee on Property Tax Reform and Relief, Paul Bettencourt has filed Senate Bill 2 dubbed the Texas Property Tax Reform and Relief Act of 2017. Among other things, the bill would require cities and counties to ask for voter approval for any property tax hike … Read More

Pyrrhic Victory – New Leader Faces Challenges Galore

Regardless of who wins the side-show today, it will be a pyrrhic victory. If we have learned anything from this election cycle it’s the undeniable fact that America’s economic system is broken and that it no longer serves the interest of the general public. Decades of failed policies designed to keep a consumer-oriented, debt-based economy moving forward have masked a … Read More

Debt, Deficits & Housing – The Smoke & Mirrors “Recovery”

Banana Republic

Many among the status quo have defended the last 8 years as a productive “recovery” from the abyss of financial armageddon unleashed by our criminal banking sector. The efficacy of the recovery depends on the person responding to the question. For the vast majority of the U.S. population, there has been no recovery, but instead a steady decline. If you … Read More

City of Austin Sues State Of Texas Over Unequal Appraisal System

It appears the City of Austin is taking the bull by the horns in addressing Texas’ broken property tax system. The city yesterday announced a lawsuit against the state of Texas over unequal appraisals that continue to burden residential homeowners. The new lawsuit stems from Austin’s challenge of TCAD commercial values earlier this summer. In that independent TCAD analysis, commercial … Read More