JUST IN🚨: TEXAS GOVERNOR GREG ABBOTT IS PUSHING A PLAN TO ELIMINATE SCHOOL PROPERTY TAXES FOR HOMEOWNERS.
That is not a small proposal.
Abbott’s property tax plan would target one of the biggest pieces of the average Texas homeowner’s tax bill: school district property taxes.
For a lot of Texans, that is the part of the bill that stings the most.
You can pay off the mortgage, own the house outright, and still get a property tax bill every year that makes it feel like the county is your silent business partner.
On paper, this sounds like a massive win for homeowners.
And politically, it is easy to see why it works.
Texas already has no state income tax. If the state also finds a way to dramatically reduce or eliminate school property taxes for homeowners, that becomes a very strong financial argument for living in Texas.
But this is where the fine print matters.
This is not law yet.
It is a proposal.
And school property taxes are not some tiny side fee hiding in the corner. They help fund ...