Governer Abbott Proposes Cap on Property Taxes

Launching a new round in a long-running fight in Texas, Gov. Greg Abbott on Tuesday unveiled a plan to curb soaring property taxes, calling for a 2.5 percent annual cap on revenue growth from property taxes in each taxing jurisdiction.

 Such a move is expected to face strong opposition from cities, counties and school districts, which in many areas have been raising taxes to cover expanding needs, especially in rapidly growing areas such as Fort Bend County and other parts of greater Houston.

It's a political battle that has huge financial impact for Texas property owners. Gov Abbott Tax Proposal

The Gov’s proposal to cap revenue growth from property taxes at 2.5 percent is a critical step in protecting taxpayers, homeowners, and small businesses.