Press release by the Office of Texas Representative Tracy O. King ;Picture Credit; Texas House of Representatives
AUSTIN, Texas – House Bill 1 and House Joint Resolution 1 co-authored by Rep. Tracy O. King seeks to provide Texans with historic cuts to their property taxes. This plan will put us on the path to ultimately eliminating the school portion of property taxes in the future.
This legislation provides a 16.2 percent reduction in school districts’ maximum compressed rate and sends over $12.3 billion to districts so they can lower their tax rates. This is known as tax rate compression. Together with the property tax reductions in the budget passed this session, this will be the largest property tax cut in state history.
“The rise in property taxes has reached an unsustainable level. People are being taxed out of their homes and losing their businesses. It is unacceptable and past time to do something about it,” said Rep. Tracy O. King. “I am proud to co-author legislation that will provide immediate and lasting relief to both homeowners and businesses.”
The Legislature is currently convened in a special session to specifically consider property tax relief.
Rep. King represents House District 80 which consists of Atascosa, Dimmit, Frio, Uvalde, Webb, and Zavala counties. He chairs the prestigious House Natural Resources Committee and serves on the Licensing and Administrative Procedures Committee, the Youth Health and Safety Committee, and Community Safety Committee.
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