Property Taxes Still Out of Control

As Governor Abbott recently reported concerning the affordability of homes in Texas; “But that affordability issue is now beginning to bite Texas. One thing that is driving up the cost of housing and the cost of living is skyrocketing property taxes – skyrocketing property taxes that are beginning to force people out of homes they’ve lived for virtually in their entire lives.”

A recent article in the Houston Courant identified the property tax issue in Travis County. "In fiscal year 2015, the average Travis County homeowner paid property taxes totaling $5,471, most of which went into city and school district coffers. By fiscal year 2020, that same homeowner’s tax bill shot to $8,430, a whopping 54 percent increase."

The exact same trend is showing in Georgetown. The property tax receipts are up 54.8% over the last 5 years and the annualized increase is 9.13% per year.

When is this madness going to stop?