(Austin) Taxing entities, including local school districts, would have to get permission from voters to raise property taxes more than 2.5 percent annually under identical legislation filed in both chambers Thursday. Today, entities with taxing authority can increase taxes up to eight percent a year before voters can weigh in. These bills, SB2 and HB2, are the first step in fulfilling state leadership’s promise to enact property tax relief for taxpayers in Texas, says Lt. […]
