HLF Analysis: SB 3, SB4, SB 5

Texas has received an unprecedented amount of your money this year. Taxpayers have overfunded the government by $62 billion. This massive surplus should be returned to Texans by eliminating the school property tax. There is no reason the state shouldn’t put the M&O tax on a definitive path to zero, then phase out all property taxes. If not now, when? This is your money.

Our latest Huffines Liberty Brief analyzes SB 3, SB 4, and SB 5 and will be used as written testimony before the Senate Finance Committee.

At the core, our bill analysis found that SB 3 only treats the symptoms of our broken property tax system while failing to address the underlying disease: incessant growth in local government and school district spending. Another problem with SB 3 is that homestead and business exemptions, like appraisal caps, cause rates to rise in order to maintain increased revenue from properties with lower taxable valuations.

Texans deserve definitive action that permanently locks in property tax relief and puts Texas on the path to eliminate school M&O property taxes.