Democrats push for Texas property tax relief bill proposal that includes renters (Photo: Texas Public Radio)
Legislators in Texas finally fulfilled their promises to many Texans after making them for months. Only not tenants.
According to a published article from KENS 5, Rep. John Bryant claims he made an effort. Renters would have gotten a tax credit equal to up to 10% of the rent they paid the previous year under the Texas Property Tax Relief Bill.
According to the Dallas Democrat, 67% of households in District 114 in northeast Dallas and nearly 40% of all households in Texas are rental households.
After House and Senate leaders reached a compromise on property taxes, his legislation was never considered. The renter rebate was brought up as an amendment during the compromise of the final debate on the Texas Property Tax Relief Bill, but it was rejected as well.
Texas homeowners should anticipate paying between $1,200 and $1,450 less in property taxes as a result of the Texas property tax relief bill that did pass and is awaiting the governor’s signature.
According to a published news from ABC 8 Texas, increased homestead exemption from $40,000 to $100,000 and “compression,” or lessening the tax burden on Texas homeowners by granting school districts an additional $12 billion, are the two key factors driving this drop.
Despite the fact that Republicans have long controlled Austin, Bryant claims that Democrats can point to several aspects of the legislation that was passed for which they were responsible, including compelling the Texas House to accept some exemptions and tripling the homestead exemption.
State Rep. John Bryant (Photo: Dallas Morning News)
“Remember the Texas Property Tax Relief Bill was entirely compression, which gives away a huge amount of tax relief to skyscrapers, refineries, oil wells, and things like that,” the Democrat reminded us. “The problem we have is that both homeowners and renters are paying way too much in property taxes and rent. Skyscrapers and petrochemical plants are not the crisis.”
Greg Abbott, the governor of Texas, has committed to sign the Texas Property Tax Relief Bill. Additionally, Texas voters will still need to approve this on the ballot in November.
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