Real Solutions to Skyrocketing Taxes
What to Know: The Dallas Morning Newsâ Editorial Board blasted Texasâ property tax system recently, saying: âThere is something wrong with a system that creates a tax bill so high that folks are forced to consider whether they can afford to stay in their homes.â The Board urged state lawmakers and local officials to find âreal solutions.â
The TPPF Take: Itâs trueâreal solutions are urgently needed. Far too many Texans have been taxed out of their homes or are close to it.
âStruggling taxpayers need state and local officials to step up,â says TPPFâs James Quintero. âFor their part, local officials can adopt the no-new-revenue tax rate or something lower, stop going into debt, and cut spending so as to pass along any savings to taxpayers. Separately, state lawmakers should fundamentally change the way we tax in Texas. The status quo is broken and big changes are needed to really solve the problem.â