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The tax reform commission responded with recommendations for a predictable and flexible revenue source that does not target any industry. Applying a fair, low-rate business tax, which will allow a reduction in property taxes, will benefit Texas homeowners, prospective homeowners and the state's overall economy.
Texas has some of the highest property taxes in the nation, which significantly affects Texans' ability to own a home of their own. Currently, Texas ranks a dismal 44th among U.S. states in homeownership. Texas Realtors support policies and legislation aimed at reducing the barriers to homeownership and providing private-property owners tax relief...
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