Greg Abbott on Texas Housing Supply Expansion and Property Tax Cuts

Housing Supply Expansion in Texas

• 🏠 Texas ranks number one in America for building more new homes than any other state.
• 💡 An increased supply of homes is intended to help drive down the cost of housing.
• 📜 Laws were enacted to make it easier and cheaper to build more homes and apartments.

Property Tax Relief Measures

• 📊 Texans took a significant step in addressing property taxes by passing seven constitutional amendments.
• 📉 These amendments ensure property taxes will be cut across the entire state of Texas, lowering them on every homestead.
• 🧑‍🦳 More than half of all seniors in Texas will pay 0 on their school district property taxes.
• 📍 Taxes are set to be cut in all 254 counties across the state.

Local Government's Role in Property Taxes

• ⚠️ It is important to note that the state of Texas does not impose a property tax; only local governments do.
• 🗣️ Local property taxes are being hyped by local governments incessantly.
• 🎯 There is a goal to drive a stake through the ability of local governments to implement future property tax hikes.