Texas News

Beto O’Rourke Addresses Texas Property Tax Increases

Democratic gubernatorial candidate Beto O’Rourke was in Dallas Wednesday to discuss his plan to lower property taxes for Texans. O’Rourke has proposed making more housing accessible, paying for more public schooling (reducing the burden on homeowners), closing commercial property tax loopholes and expanding Medicaid in the state to reduce the property tax paid to local hospitals. Video from O’Rourke’s address will be added to this story Wednesday afternoon. In a statement prior to his address, O’Rourke said Texans are paying $20 billion more in property taxes since Gov. Greg Abbott took office. Abbott’s office released a statement Wednesday afternoon saying the governor has reduced taxes by $18 billion since taking office and that O’Rourke, as an El Paso City Councilman, twice voted for property tax increases in 2007 and 2010. This week, many North Texas homeowners have experienced sticker shock as they receive their property tax assessments from their local county appraisal offices. In some cases, homeowners are reporting market value increases of more than 50%; homestead exemptions can limit the increase in the appraised value to 10% annually. Courtesy of Texas News – NBC 5 Dallas-Fort Worth …