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Residents in Texas pay an effective tax rate of about 1.7 percent, one of the highest in the country, according to Rocket Mortgage. A median list price for a home is close to $285,000, with average annual property taxes of nearly $4,800.
During Tuesday's vote, Texas Republican voters told their party leaders they want to eliminate property taxes. The question was posed to Republican primary voters as a way to help shape the GOP's legislative priorities. Since it wasn't an official ballot initiative, it won't immediately change the property tax system in Texas, but could put pressure on legislators.
Part of the push for tax cuts in the state is spurred by the state's massive budget surplus that has hit record levels of $33 billion, according to The Texas Tribune.
Over 77 percent of Texas Republicans agreed with the property tax proposal, as of 11:30 p.m. ET, according to the Texas Secretary of State website.
Texas does not have state property taxes. But local governments do collect some revenue from residents, according to the state comptroller, which goes toward funding social services. (massive understatement)
https://www.newsweek.com/texas-republicans-want-eliminate-property-taxes-1876232
Cities States, County States, HOA States, Neighborhood States…everybody wants a slice of the King's 10%