TEXAS PROPERTY TAXES AND PROPERTY APPRAISALS...

By
Real Estate Agent with Ebby Halliday Realtors

Property taxes and appraisals
As a group, Texas REALTORS® work in the public-policy arena to help reduce the state's heavy reliance on property taxes. In 2009 and 2007, we urged passage of appraisal-system reforms in the Texas Legislature to make the process more fair and transparent, and easier for homeowners to contest their property appraisals. In 2006, we led the charge for historic property-tax cuts in a special legislative session. We'll continue to work on your behalf on both these fronts: lowering your property-tax rates and closing loopholes in the appraisal system. After all, it doesn't do much good to lower your tax rates when appraised values continually shoot up to overtake any tax savings.

Learn more about the property-appraisal process.
Learn more about property-tax cuts.

Homeowners insurance
In the 2003 legislative session, Texas REALTORS® led the fight to make homeowners insurance more affordable.

Learn more about this issue.
Get ideas on how to lower your homeowners insurance costs.

Transfer taxes and fees
The Texas Association of REALTORS® supports property-tax relief, but does not support new taxes and fees that single out the most steady contributor to our economy: real estate. We oppose measures that would diminish real estate's contributions to the Texas economy or increase the cost of homeownership in the state. One idea that continues to crop up among some legislators is a real estate transfer tax, also sometimes referred to as a fee. Either way, it's an additional tax that hits consumers at the absolutely worst time: when you're scrimping and saving to buy a home, or trying to sell your home. Texas currently does not have a statewide real estate transfer tax, and we should keep it that way.

Learn more about this issue.

Point-of-sale
Real estate transfer taxes and fees are applied at the point of sale, when homebuyers and sellers can least afford it. So sometimes are other measures. In Austin, for example, some city leaders want to mandate energy-efficient retrofits to all homes at the point of sale.

Learn more about this issue CONTACT TIFFANY SHARKEY OR TONYA PEEK 214-356-4472.


 

Other Issues

Municipal utility districts
Municipal utility districts, also known as MUDs, provide water, sewage, and drainage services to residential neighborhoods that are not served by local water districts. Read more

Homeowners associations
Some neighborhoods have their own homeowners associations. Whether membership is voluntary or mandatory, homeowners associations provide benefits and services to their members in exchange for dues or fees. 

Eminent domain
Eminent domain is governmental taking of private property for the public good. Cases involving individual homeowners are extremely rate. Read more

Water rights
Cheap, plentiful, and good-quality water is essential to a good quality of life. Some Texans have it, while others want it. Read more

Transportation
More and more homebuyers are taking proximity to work into account when choosing their new home's location.

 

 

 

 

 

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