Fourth And Final of SB 2: A Closer Look at Senate Bill 2: Actual Solutions
This is the fourth and final part of a series..
by, Ender Reed, Legislative Liaison
In our effort to take a closer look at Senate Bill 2 (SB 2) by Sen. Paul Bettencourt (R-Houston), the revenue cap bill, we are highlighting and discussing specific sections of the bill as part of a series of four articles in County Issues.
In this fourth, and final, article in the series, we discuss some alternative solutions to improving the property tax system that won’t create a negative impact like many of the provisions of SB 2.
It is well established that the overall tax burden in Texas is low. As mentioned in a Forbes article last year regarding tax burden, Texas has the 5th lowest tax burden of all 50 states:
“With tax day drawing near, it’s the time of year to gripe about why taxes are so darn high in your state. If you live in New York, New Jersey or Connecticut, that gut feeling you have is dead on. Resident of the Golden State? At least you’re better off than in New York. And Texas, we’re completely jealous.” (Emphasis added.)
In fact, key arguments and statistics being touted as reasons to support lower revenue caps have been called “nonsense” and “worse than meaningless” by economists that have studied the issues.
But this doesn’t mean that the tax system in Texas is perfect, and certainly there are improvements that could be made to the property tax system which do not impact the effectiveness of county government like some of the draconian changes proposed in SB 2.
The following are five alternatives to SB 2 that the Legislature can adopt which would make long-term and substantial improvements to the property tax system:
Read the first three County Issues articles in the series:
Read part one of this four part series: A Closer Look at Senate Bill 2: Lowering the Current Revenue Cap.
Read part two of this four part series: A Closer Look at Senate Bill 2: Automatic Rollback Elections.
Read part three of this four part series: A Closer Look at Senate Bill 2: Appraisal Districts
This series originally published by Texas Association of Counties (TAC).
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