Property Taxes Outpace Income

City property taxes are growing faster than household incomes in Texas according to data from the Texas Comptroller's Office.

Senator Bettencourt has introduced Senate Bill 2 to provide relief to property owners. Currently, if cities and counties raise taxes by 8 percent or more, residents can petition to hold an election on the tax rate. Under the proposal, the “roll back rate” is lowered to 4 percent, and the referendum is automatic.

“Property tax bills go up much faster than people’s paychecks,” Bettencourt said. “The taxpayers’ ability to pay has to be looked at.”

The critics are already attacking the plan and likely Georgetown will lobby against the proposal as have other cities like Austin, San Antonio and San Marcos.

Let your Senator, Charles Schwertner, and Representative, Terry Wilson know that you support property tax relief.