Texas homeowners have complained about rising property tax for years — and leaders in the Texas legislature say addressing property taxes is a top priority. But since this revenue accounts for a huge chunk of Texas public school funding, parents and educators are wondering how changes could affect schools.Texas homeowners have complained about rising property tax for years — and leaders in the Texas legislature say addressing property taxes is a top priority. But since this revenue accounts for a huge chunk of Texas public school funding, parents and educators are wondering how changes could affect schools.