Sunday, May 13, 2007

Limit on Property Tax Appraisal Rate Increases voted by House

Weaker tax bill advances in House -
Lawmakers give a tentative OK to limits on revenue for governments

Copyright 2005 Houston Chronicle Austin Bureau April 27, 2005, 6:43AM
AUSTIN - A watered-down bill designed to make cities and counties more accountable to voters for property tax increases finally won tentative approval Tuesday in the Texas House.

Currently in Texas, property tax rates often stay the same, but tax bills increase anyway because of rising property values. That means local officials can rake in additional revenue without having to vote on raising the tax rate, said Rep. Carl Isett, sponsor of House Bill 1006
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