Quorum Report: Siding with Gov. Abbott in fight over freezing property values, Texas REALTORS launch new education initiative

May 28, 2020 3:58 PM Siding with Gov. Abbott in fight over freezing property values, Texas REALTORS launch new education initiative Abbott and Patrick now argue the exemption for the 3.5 percent caps on cities and counties was only intended for hurricanes; the language creating the exemption doesn’t say that As another round of debate heats up on what to do about potentially rising property tax bills – even after leadership boasted of “winning the super bowl” on the issue last session – the powerful *Texas REALTORSŽ* on Thursday backed Gov. Greg Abbott on the argument that freezing property values at 2019 levels "will not guarantee lower property tax bills." Some county judges, Republicans and Democrats alike, have asked Abbott to use his disaster powers to offer tax relief through rolling back values to 2019 levels. But the pushback from Austin has been swift. By Scott Braddock
Copyright May 28, 2020, Harvey Kronberg, www.quorumreport.com, All rights are reserved