Texas’ school M&O property taxes account for 43% of the state’s property tax burden, but they can be eliminated in as little as 8 years—without raising any new taxes. Past efforts to reduce property taxes have failed because they didn’t tackle the root cause: skyrocketing government spending. This whitepaper outlines how Texas can freeze and gradually reduce school M&O property taxes using surplus state revenue, limit state spending growth, and require voter approval for local governments to exceed the “No New Revenue” tax rate. It’s time for real, permanent property tax relief.