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Texas Gov. Abbott unveils plan to curb property taxes with spending limits and appraisal caps.
Texas Governor Greg Abbott introduced a five-point plan to combat rising property taxes, citing insufficient long-term relief despite a $51 billion state tax package.
The proposal includes stricter limits on local spending, tighter property appraisal caps, and a path to eliminate school district property taxes for homeowners.
Abbott argued that without structural reforms, local governments may offset state relief with higher local taxes.
The plan, backed by Republican lawmakers and the conservative group Americans for Prosperity, aims to shift power from local governments to taxpayers through lasting fiscal controls.
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El gobernador de Texas. Abbott revela un plan para frenar los impuestos a la propiedad con límites de gasto y tope de tasación.