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PPG Tax / Industry News / Taxing Jurisdictions Feign Restraint in Wake of Legislative Scrutiny

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Taxing Jurisdictions Feign Restraint in Wake of Legislative Scrutiny

Even with Gov. Abbott calling a special session for Congress to put in some overtime, the 85th Legislative Session ended with no major property tax reform.  Several pieces of legislation, most notably Senate Bill 2, were introduced and passed either the House or Senate, but nothing of substance was able to make it the distance.

At issue with many property owners is that taxing jurisdictions, and the politicians that oversee them, can claim to have not raised taxes; meanwhile, if you ask one of the thousands of CRE owners in the state of Texas whether their taxes have gone up, they can provide bills from the past half-decade that show double-digit increases every year.

Taxing entities know taxpayers are catching on.  Owners realize that appraisal districts are trying to assess at true market value, and their steep bill is because as the property appreciates in value the tax rate doesn’t come down to offset it. And while the market might determine their taxable value, it’s the jurisdictions themselves that set the rate. Jurisdictions also know if they don’t self-regulate, the legislature will step in and do it for them.

In a Dallas Morning News article, City Council member Lee Kleinman said “We just spent a horrendous legislative session beating back a change to the rollback rate… and one of our arguments was we can manage our own money. It would behoove us to do something on the tax rate.” As a result, many taxing jurisdictions across the state have taken action:

Taxing Entity2016 Rate2017 Rate% ∆
Harris County0.416560.418010.3%
City of Houston0.586420.58421-0.4%
Houston ISD1.206701.206700.0%
Harris Co. Hospital0.171790.17110-0.4%
TOTAL:2.381472.38002-0.1%
Dallas County0.24310.24310.0%
City of Dallas0.78250.7804-0.3%
Dallas ISD1.2820851.2820850.0%
Parkland Hospital0.27940.27940.0%
TOTAL:2.5870852.584985-0.1%
Tarrant County0.2540.244-3.9%
City of Fort Worth0.8350.805-3.6%
Fort Worth ISD1.3521.3520.0%
Tarrant Co. Hospital0.2278970.224429-1.5%
TOTAL:2.6688972.625429-1.6%
Travis County0.38380.369-3.9%
City of Austin0.44180.44480.7%
Austin ISD1.1921.1920.0%
Travis Co. Healthcare0.1105410.107385-2.9%
TOTAL:2.1281412.113185-0.7%
Bexar County0.293250.291229-0.7%
City of San Antonio0.558270.558270.0%
San Antonio ISD1.51261.53261.3%
University Health System0.2762350.2762350.0%
TOTAL:2.6403552.6583340.7%

Obviously, such cuts are largely superficial when applied to taxable values growing at historical rates higher year after year, but at least it’s not exacerbating the problem.  With the 86th Legislative Session not scheduled to begin until early 2019, CRE owners are left with little to hope for beyond self-imposed downward pressure on tax rates gaining momentum.

Source:

https://www.dallasnews.com/news/dallas-city-hall/2017/09/05/dallas-council-weighs-symbolic-tax-cut-answer-state-effort-curb-local-taxing-power

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