Local governments across Texas will adopt next year’s property tax rates over the next month. Taxpayers are left wondering which officials are funding bigger budgets off new growth, and which are simply asking taxpayers to pay more. Even cities that lower than tax...
Perhaps the most widely misunderstood concept in municipal governance is judging the size of the “property tax base.” When determining the appropriate tax rate, officials often err by considering only the median home values they tax instead of the total tax base,...