Property Taxes Continue to Grow 10% + Annually

The Texas House abruptly adjourned this week without providing any property tax relief to Texas property owners. Not that what was proposed would have made any difference to Georgetown property owners. The City Council has basically held the tax rate constant over the last 5 years, but, that does not mean that city property owners taxes have not increased. Taxes have increased substantially over the last 5 years as shown in the graph below.

Thus we see that property tax revenue, extracted from Georgetown property owners has been increasing at a 10%+ annual rate over the last 5 years. No wonder the City Council has been able to hold the tax rate constant. The appraised value of Georgetown property has been appreciating at a 10% rate which automatically brings in 10% more revenue for the city each year. And they have been spending the additional revenue, not leaving it in tax payers pockets.

Any property tax "fix" will have to control the rise in tax revenue, not just tax rate on the maintenance and operation portion of the budget.

Talk with your city and state elected officials if you want property tax relief!