Texas Governor Aims to Eliminate Property Taxes

Gov. Greg Abbott says his goal is to eliminate homeowners’ property taxes in the state of Texas. He says it’s possible to achieve over time because of the significant economic growth of the state.

All three Republican leaders, Abbott, Lt. Governor Dan Patrick and Speaker Dade Phelan, have pledged to reduce property taxes and made it a legislative priority.

Read More

Property Taxes Climb 3.6 Percent Across U.S. to $339.8 Billion

Property taxes levied on single-family homes in the United States increased 3.6 percent to $339.8 billion in 2022, according to a new report from a real estate data firm.

That’s up from $328 billion in 2021. The 2022 increase was more than double the 1.6 percent growth in 2021, but smaller than the 5.4 percent increase in 2020, according to the report from ATTOM, a property data provider.

Read More

State Representative Pushes to Constitutionally Eliminate Pennsylvania School Property Taxes

State Representative Frank Ryan (R-PA-Palmyra) this week proposed amending the Pennsylvania Constitution to eliminate the portion of property taxes collected by localities to fund public schools.

In February, Ryan sponsored another bill to abolish school property taxes by statute; that measure has yet to receive a vote in the House of Representatives Finance Committee. While enacting a statute requires majority assent of the House and Senate and the signature of the governor, amending the state Constitution requires House and Senate approval in two consecutive sessions. The policy would then go before Pennsylvania voters as a ballot question for approval or rejection and the governor would play no role in that process.

Read More

Philadelphia Voters Want Lower Property Taxes, but Higher Taxes on the Rich

Philadelphia has one of the worst city tax burdens in America, and voters aren’t pleased. It will also be a struggle for city leaders to find a politically popular solution.

A poll from the Pew Charitable Trusts found that Philadelphians have become more opposed to taxes, but an anti-tax revolt isn’t brewing in the city either.

Read More