AUSTIN — Yesterday, the Houston City Council voted 15-2 to reduce the municipality’s property tax rate to 58.421 cents per $100 of valuation instead of adopting Mayor Sylvester Turner’s proposed rate of 58.462 cents per $100 of valuation.
The reduced rate ensures the city will continue to comply with its voter-approved revenue cap.
“Houston’s property tax revenue cap is an important part of the city’s long-term health. Yesterday’s decision by city council members to avoid exceeding the limit was the right call,” said Bryan Mathew, policy analyst at the Center for Local Governance at the Texas Public Policy Foundation. “Moving forward, city officials should continue to not only limit revenue growth but also cut taxes significantly. Lowering taxes on struggling homeowners and businesses is one of the best things that can be done to help Houstonians recover.”
For more information or to request an interview, please contact Alicia Pierce at firstname.lastname@example.org or 512-472-2700.
Bryan Mathew is a policy analyst at the Center for Local Governance at the Texas Public Policy Foundation
TheTexas Public Policy Foundation is a non-profit free-market research institute based in Austin. The Texas Public Policy Foundation aims to advance a societal framework that effectively fosters human flourishing based upon cooperation and mutually beneficial exchange of ideas and speech.
Primary website: www.TexasPolicy.com
Facebook page: www.Facebook.com/TexasPublicPolicyFoundation
Twitter feed: www.Twitter.com/TPPF