Collin County Magazine shares your Local Success Stories and supports local business in @collincountydfw #AllenFairviewTX #FriscoTX #McKinneyTX #PlanoTX – Not operated by or endorsed by the County – Go to CollinCountyTX.gov for official county business
This week I filed H.B. 220, creating relief for millions of Texans suffering from high property taxes. My proposed legislation will restrict local governments from substantially raising your property taxes without your approval. High property taxes are by far, the number one complaint I receive and I want you to know that I hear you loud and clear!
My bill addresses the current “rollback” tax rate—currently set at 8 percent—and reduces it to 5 percent, meaning if local entities raise property taxes more than 5%, an automatic election to ratify that raise is triggered. If taxpayers vote against the rise in property taxes, the rate returns to 5%.
The bill is one of the 20 items Governor Abbott placed on the agenda for the special session and I look forward to working with the rest of the House, Lieutenant Governor Patrick, and Governor Abbott to provide meaningful property tax relief to Texas families.