Sustainable Property Tax Relief, Select Study – 9/26/2024

    

The Select Study Committee on Sustainable Property Tax
Relief will meet jointly with the House Committee on Ways and Means to hear
invited and public testimony on the following topics:


Review the impact of HJR 2/SB 2 (88S2), which provides
property tax relief through various mechanisms, on achieving the goal of
providing sustainable property tax relief for Texas property owners.


Evaluate the effects of tax rate compression, limits on
taxable value, and homestead exemption increases to maximize savings to
property owners, and evaluate whether Texas’ economic performance and state
tax revenues support further compression of school district tax rates.


Study the viability and sustainability  of eliminating
maintenance and operations taxes by 2035.


Examine historical rates of appraisal increases, and
methods to reduce the tax burden of appraisal increases on all real property.
Evaluate whether to extend the limitation on appraised value of certain
non-homestead real property past the current expiration date of December 31,
2026, and whether to further reduce the limit on appraised value of
homesteads.


Examine the long-term value of homestead exemptions to
Texas homeowners in conjunction with the impact of appraisal increases and
evaluate whether to maintain the homestead exemption at its current rate.


Public testimony will be limited to three minutes.


Written testimony and handouts should be emailed to the
committee clerk by September 20th.


Electronic public comment will be available for: