AUSTIN – Earlier today, the Texas House of Representatives gave preliminary approval to Senate Bill 1, a bill to reform Texas’  local property tax system in some important ways. Specifically, this bill, if enacted, would require certain taxing jurisdictions to lower their rollback tax rates and require an automatic election to ratify any rate adopted above the reduced rollback rate.
 
“Texans everywhere want lawmakers to help with soaring property tax bills, and today’s preliminary approval of Senate Bill 1 by the Texas House means that officials are one step closer to getting that done,” said James Quintero, director of the Center for Local Governance at the Texas Public Policy Foundation. “I hope as the bill continues to move through the process, it will get stronger and introduce an even greater level of accountability into the system.”
 
For more information or to request an interview with Mr. Quintero, please contact Alicia Pierce at apierce@texaspolicy.com or 512-472-2700.
 
James Quintero is director of the Center for Local Governance and leads the Think Local Liberty project at Texas Public Policy Foundation.
 
The Texas 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.