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Despite the Senate moving its plan forward Wednesday, the measure seems destined for deadlock. A Texas House panel also passed its proposal to cut property taxes — which is significantly different from the Senate’s.
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Gov. Abbott calls for second special session after Legislature fails to agree on property tax reliefThe second special session will focus solely on cutting property taxes.
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The governor says other issues aren’t as important as breaking a House-Senate stalemate over the best course on reducing property taxes.
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Rising mortgage interest rates make it more expensive to buy a home, and this year’s appraisals mirror this new reality. On average, home appraisals went up by just 0.08%, according to the Travis Central Appraisal District.
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The chamber will likely have to negotiate with the House over key differences in their spending plans, namely how to lower property taxes.
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Lt. Gov. Dan Patrick told reporters on Thursday the House bill would be dead on arrival in the Senate.
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The emergency district wants to build more stations and buy more ambulances. A proposition on the May ballot is the first step toward increasing the property tax rate to help pay for it.
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House Republican leaders have said the budget tackles some of their priorities, including providing tax relief to homeowners across the state.
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Supported by the Republican-led Senate, the 30 bills announced by Lt. Gov. Dan Patrick on Monday have a high chance of passing.
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State tax systems are usually looked at as a three-legged stool — property taxes, sales taxes and personal income tax. In Texas, our “stool” only has two legs.