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Showing posts from February, 2018

How These Two Policies Contributed To The Present Property Tax Crisis In Texas

Mike Collier – democratic candidate for lieutenant governor opens up about the two policies that made the property taxes in Texas to fall into crisis. Texas is a wealthy state, and the government is not wasting any money, but still property taxes are so high. mike Collier explains why, 1. Equal and Uniform law Legislature of Texas has passed an Equal and Uniform law in 1997, in which the property owners can fight against the appraisal district if they can show that the comparable property of them is appraised at lower values than their own. This sounds good and logical as a concept, but this has left an unintended loophole to the owners with large, industrial and commercial properties. The theme is, if one owns a complex asset and talented lawyers, then it is really not needed to pay the fair amount of taxes to the government of Texas. Mike Collier says closing the loophole is a chief element of his agenda on tax reform, as a lieutenant governor. 2. T...