Property Taxes

/Tag:Property Taxes

Texas Property Tax Reform Dies On The Vine

Property tax reform died an inevitable death during the 85th Texas legislative session. I say inevitable, because it was clear from the outset of the road show advertised as a property tax reform effort that there were too many conflicts of interest preventing real reform of what can only be described as an incestuous, revenue-driven system. Texas is still one of the few states without a state income tax. The Texas Senate wants to keep it that way. Texas senators also made it clear that their legislative body wanted to push a school privatization scheme [...]

City Of Katy Lands Amazon Fulfillment Center, But At What Cost?

"A tree falls the way it leans. Be careful which way you lean." As residents of Katy Texas are busy making their daily slog down the congestion of the Grand Parkway or the soon-to-be traffic debacle around what is arguably the most expensive high school football stadium on the planet, perhaps it is time to question the pursuit of endless growth and the "more is better" mentality that seems to be the mantra of local, state and federal officials.  As we learned this past week, Katy Texas is going to be the home of a [...]

Senate Bill 2 Another Insult Among Many To Texas Homeowners

Senate Bill 2, filed by state senator Paul Bettencourt (CEO of Bettencourt Tax Advisors) is another insult in the long line of insults to Texas homeowners when it comes to property tax reform. Mr. Bettencourt and several other senators authored SB-2 late last year after the committee Bettencourt chaired released a report on recommended changes to the Texas property tax system. All of this came after a year-long road show in which the committee listened to public testimony throughout the state on our broken property tax system, apparently only feigning an interest in real reform. [...]

Texas Economic Development Fueled By Taxpayer-Funded Corporate Subsidies

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 the state of Texas has seen steady growth year after year. The Texas Economic Development Act, or Chapter 313 as it's known in the tax code, has now racked up an estimated $7 billion cost [...]

By | 2017-08-19T10:57:02+00:00 February 11th, 2017|Economy, Energy & Utilities, Politics, Texas Property Taxes|0 Comments

HCAD’s Two-Tiered Property Tax System Exposed By Recent Apartment Deals

(Updated 9-28-16) The bills for your property taxes will likely be going out in the mail next month. In case you needed another reminder of the two-tiered property tax system here in the Houston area, we just received another reminder of the crony capitalism that passes for uniform and "equal" appraisal in the Texas property tax system. According to the Houston Business Journal, one of the nation's largest REITS, Mid American Apartments, just purchased the Alexan Heights luxury apartment development at 655 Yale St. in a deal worth a reported $70,000,000. Just how much of that [...]

By | 2017-08-03T14:19:35+00:00 September 27th, 2016|Spin Cycle, Texas Home Prices, Texas Property Taxes|0 Comments

An Open Letter To Fort Bend County Commissioner Andy Meyers On Schlumberger Abatement

(Updated 9-22-2016) Thank you Mr. Meyers for responding to the concerns of our property tax protest group here in Fort Bend County. Unfortunately, I think you have missed the point entirely as to why the recent 10-year property tax abatement granted to Schlumberger is such a bad deal for area homeowners. I must say that I am amazed at the depth and breadth of crony capitalism as it currently exists in Fort Bend County. I find it interesting to see that Schlumberger has been granted a property tax abatement in our current environment of escalating [...]

2015 Fort Bend ARB Data Shows Preferential Treatment Of Commercial Property Owners

It is no secret that local property owners fed up with the operational corruption at the Fort Bend Central Appraisal District. Of course the real question is whether local and state representatives have the backbone to actually do something about it? I have detailed a number of the disgraceful behaviors taking place at the Fort Bend CAD, and how we are essentially wasting millions of dollars every year to support a rigged system. Each passing month seems to provide another data point that our local property tax system is nothing more than a giant sham [...]

Fort Bend County Wasting $10 Million Per Year To Maintain Operationally Corrupt “Appraisal” System

A look at the 2015-2016 budget for the Fort Bend County Appraisal District highlights how much money local taxpayers are wasting to support an operationally corrupt appraisal system here in Katy and throughout Fort Bend County. As I have detailed before, local appraisal districts have steamrolled local homeowners with skyrocketing residential property taxes and disparate treatment of different types of property owners, creating a two-tiered system where wealthy and commercial property owners have the resources and justification to pursue an expensive trial in district court. As I noted in my testimony in before the Senate [...]

Miami Investor Capitalizes On Harris County Appraisal Scam…Again!

The definition of "fraud" according to Wiki is "the deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right". Homeowners across the Houston area should now be wondering how long our elected representatives will continue to pretend that our current property tax system is anything but a giant hoax, a work of fiction which advertises that all property is taxed at market value or something approaching 100 percent of market value every year by your local appraisal district. Recently I detailed examples of how our operationally corrupt joke [...]

Committee Hearing On Property Tax Reform Provides Hope For Change

Last week I had the opportunity to testify before the Texas senate committee on property tax reform & relief.  There were several hundred property owners and local officials addressing the issue of skyrocketing property taxes. I was encouraged by the general discussion and much of the testimony that was offered. I was particularly encouraged by the committee's general consensus that property taxes are a major problem for all Texas property owners. It is a problem that now affects the affordability of local homes and sales of single-family property throughout Fort Bend County as people realize that even [...]