Mad About Texas Property Taxes? Cap Appraisals, Not Local Governments, Senator Says

AUSTIN -- Top Texas Republicans this year have thrown their weight behind plans to cap property tax revenue growth for local governments as a way to curb skyrocketing property tax bills. But Sen. Kel Seliger, R-Amarillo, has another idea: why not cap the appraisal growth instead?Property tax bills are affected by two factors: tax rates, which are set by government, and appraisals, which are subjective assessments of the values of properties that are set by local appraisal districts. "Let's take the only part of taxation that is not empirical and impose some order into it" Seliger said.  Continue reading...