Galloway for Senate - Appraisal Caps

Cap Property Tax Appraisals

Current law allows residential homestead property tax appraisals

increase up to 10% annually and unlimited on all other real estate.

Although, the Texas Legislature has lowered the rate on school property

taxes, they did nothing to abate the automatic tax increases that occur

through rising appraisals.

Furthermore appraisals increase the amount

of taxes leveed on property

owners by county, city and other local taxing

authorities.

The average homeowner has seen their property tax burden increase by

more than 45% over the last five years while inflation has increased by

only

15% over the same time period.

Annual appraisal increases should be capped at the lesser of 3% or the

rate

of inflation for the preceding year.

If the governing body of a taxing authority

deem it necessary to increase

revenue, it should be done by raising the

rate. Therefore making the

actions of elected officials accountable to the

voters.

Republican
for Texas Senate District 4

Paid for by Galloway for Senate, PO Box 956, Tomball, TX