Updated Property Tax Reform Proposal Surfaces in the Texas House

In an effort to continue working toward property tax reform, a Texas House chairman tasked with spearheading the issue this legislative session sent colleagues a new draft of his high-priority bill on Tuesday — the day before his committee could vote to advance the proposal. A draft substitute of House Bill 2, obtained by The Texas Tribune, would still require that local governments hold an election before raising 2.5 percent more property tax revenue than the previous year. But it would add a carry-over provision that lets taxing units bank unused revenue growth for five years, allowing them to exceed the trigger point for an election if they had less than 2.5 percent growth in preceding years. Click to read more at