Property Taxes & Appraisal Caps
"The system to fund public schools in Texas is broken."
"We have to increase the states share of public education funding, while passing strong appraisal caps to guarantee lower property taxes."
"This will provide teachers the tools they need to prepare our children for jobs in this ever changing and uncertain economy. We must protect homeowners and guarantee a quality education for every Texas Child."
State Rep. Patrick Rose
Patrick Rose: Closed corporate loopholes and lowered property taxes by one-third
During the 2006 Special Session on School Finance, the Texas Legislature replaced the franchise tax with a business tax that dedicated revenue to lowering property taxes, closed the franchise tax loopholes and lowered the maintenance and operation portion of property tax rates by approximately one-third. The benefits of the property tax relief are not currently recognized because there are no appraisal caps. The Legislature must do more to protect property owners from runaway appraisal districts that make any tax relief temporary and ineffective.
Patrick Rose: Fighting for homeowners by supporting appraisal caps
For three legislative sessions, Rep. Rose has supported and voted for appraisal cap legislation to ensure that homeowners benefit from any property tax cuts passed by the Legislature. During the 80th Regular Session last spring, Rep. Rose voted for House Bill 438 and House Joint Resolution 40 by Rep. Scott Hochberg. This legislation prohibits appraisal districts from increasing appraisals on homesteads more than 10% per year even if they didn’t increase by the full 10% in the prior year. The legislation was approved by Texas voters as Proposition 3 last November.
In both the 79th Regular Session in 2005 and in the 78th Regular Session in 2003, Rep. Rose worked with his House colleagues in support of legislation to cap appraisal increases on homesteads at 5% per year. Rep. Rose believe that this can be a starting point to give homeowners the relief that they need and deserve. As the Texas Comptroller collects and reports the new margins tax receipts this fall, the Legislature must ensure that all revenue generated continues to go towards funding further property tax cuts and appraisal caps.
Read about Rep. Patrick Rose’s legislation that allows homeowners to fight high appraisals>>

"Closing corporate loopholes and establishing a fair, broad business tax was the first step towards property tax relief. In order for property tax cuts passed by the Legislature to be recognized by homeowners, we must stop out-of-control appraisals. I will file legislation to cap appraisals at five percent per year."
Rep. Patrick M. Rose


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