Connect with us

Hi, what are you looking for?

Finance

Property Taxes Impasse In Texas: Gov. Abbott Appears To Softened His Insistence

Property Taxes Impasse
Property Taxes Impasse In Texas, Gov. Abbott Appears To Softened His Insistence (PHOTO: Houston Chronicle)

The state of Texas is currently facing an impasse over property taxes, with lawmakers in a special session struggling to reach an agreement on a bill that Governor Greg Abbott would be willing to sign. However, there are indications that Abbott may have softened his stance on the issue, opening up the possibility of broader legislation.

Property Taxes Impasse

Property Taxes Impasse In Texas, Gov. Abbott Appears To Softened His Insistence (PHOTO: The Dallas Morning News)

Property Taxes Impasse In Texas

The Texas Tribune reported that Abbott had initially insisted that lawmakers focus solely on a method of property tax relief known as compression, which involves sending state funds to school districts to help lower their tax rates. However, he has now been encouraging the House and Senate to find a compromise that can reach his desk, indicating a potential shift in his position.

This change has been welcomed by the Senate, which has consistently pushed for an increase in the homestead exemption as a direct means of assisting homeowners. In the House, Abbott’s comments have sparked renewed discussions about tightening appraisal caps, which was the preferred approach during the regular session.

Abbott has stressed the need for collaboration between the House and Senate, emphasizing that legislation can only reach his desk if both chambers work together. Lawmakers are currently halfway through the 30-day special session, which has experienced gridlock since its early days.

The House swiftly passed Abbott’s preferred property tax legislation but then left town, while the Senate remained in session and pushed for an increase in the homestead exemption, leading to a public disagreement between Abbott and Lt. Gov. Dan Patrick.

READ ALSO: Does School Have To Pay Property Tax? Abbott Says Texas Can Get There, But There Are Difficulties To Solve

Property Taxes Impasse

Although Abbott continues to promote the idea of sending money to school districts for lowering tax rates, he has not ruled out signing a property-tax package that includes an increase in the homestead exemption. This gives Patrick hope that a compromise can still be reached.

As discussions continue, House Republicans are considering various possibilities for a compromise. Freshmen GOP members have expressed support for a combination of compression, an increase in the homestead exemption, and reining in appraisal caps.

However, different proposals from the House Freedom Caucus have caused divisions among House Republicans, highlighting the challenges of finding consensus.

Abbott has expressed optimism about the negotiations, but he has also warned that the legislature will remain focused on the issue until a solution is reached. He has indicated a willingness to call additional special sessions if necessary to address the impasse.

The property tax impasse in Texas remains a key issue in the current special session, and lawmakers must find common ground and reach a resolution. The coming weeks will be critical in determining whether a compromise can be achieved and whether property tax relief can be implemented in the state.

READ ALSO: Up To $700 Million Fund For Public Universities In Texas From Two Senate Bills, Check It Here!

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *