Property Taxes

/Tag:Property Taxes

Tax “Reform” Makes Denton County Property Taxes Even Less Appealing

The Tax Cuts And Jobs Act was signed into law this week, and a significant portion of your Denton County property taxes may no longer be deductible under the new law in 2018. Aside from being one of the worst researched and most ill-conceived pieces of legislation in modern history, the new tax bill is very favorable to corporate America. Unfortunately the new tax "reform" is not exactly friendly to home ownership. It remains to be seen how the new tax law will affect DFW area home prices, but the new rules certainly don't favor [...]

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 | 2017-12-22T01:45:41+00:00 February 11th, 2017|Economy, Energy & Utilities, Politics, Texas Property Taxes|0 Comments

Senate Bill 2 Insufficient Fix For A Broken System

After numerous meetings throughout the state taking copious amounts of public input through the 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 greater than 4 percent. More interestingly, the bill will not affect school district taxes. School property taxes make up roughly half of the property tax bill for Texas homeowners. This bill would do nothing to lower [...]

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 [...]