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The measures will provide limited property tax relief, but the vote comes after recent tax appraisals gave Texas homeowners sticker shock.
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If passed, both initiatives would amend the Texas Constitution. According to economists and experts, the changes could help slow down property tax increases.
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The Travis Central Appraisal District says appraised values, or market values, of homes went up 56% this past year. But homeowners don't pay taxes on that amount.
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At a time when home appraisals are soaring, economists say the two propositions could help slow the increase of property taxes in Texas.
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A new analysis by Freddie Mac has found that only 7.4% of appraisals in majority-white census tracts came in below contract price, compared with 12.5% for Black areas and 15.4% for Latino ones.
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The Travis County Appraisal District's decision to not issue new property value appraisals this year could have long-term consequences for schools and…
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From Texas Standard:A new Harvard University study on the state of the nation’s housing found that rapidly escalating land prices make construction of…
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Housing affordability is one of Austin's biggest challenges during this period of economic growth. Even after someone buys a home or rents property, as…
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As homeowners in Travis, Williamson and Hays county receive their property tax appraisals this month, it should not come as a shock to see the appraised…
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About 140,000 people are protesting their property appraisals this year – an all-time high, according to the Travis Central Appraisal District.Many…