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Originally Posted by Normal
We should all be aware that the governor and state house members want to eliminate property taxes for all of us. Texas just came one step closer to being the first.
The Texas House pushed forward a proposal Monday aimed at containing property tax bills by putting tighter restrictions on cities and counties.
The legislation would further limit how much more in property tax revenue cities and counties can collect each year without voter approval. Under state law, that limit sits at 3.5%. The bill would take that limit down to 1%.
Texas House OKs bill limiting city, county property taxes | The Texas Tribune
Florida isn’t exactly sitting by, the governor’s idea to totally eliminate resident taxes has overwhelming support.
Ron DeSantis Updates Florida on 2026 Plan for Property Tax Vote - Newsweek
Which state will get it done first? Florida will rely on businesses and tourism taxes. Texas has taken the more streamlined approach. It should be interesting to see who comes first. |
Property taxes take in 56 billion dollars in the state. How do you make that up.