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Dallas News Today | 2 Min News | The Daily News Now!

Governor Abbott's Bold Plan: Eliminate School Property Taxes

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Texas Governor Greg Abbott unveils a five-point plan for property tax reform, proposing a constitutional amendment to eliminate school district property taxes for homeowners. The plan includes measures like limiting local government spending, requiring two-thirds voter approval for tax increases, and appraising properties every five years with a three percent cap on homestead appraisal increases. The governor assures that school districts would still be funded by the state, using the budget surplus to cover the difference. The proposal has garnered support and is expected to be a significant topic in the upcoming legislative session.

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