E2: Don't California my Texas with Appraisal Caps
March 8, 2023
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35:00Now PlayingE2: Don't California my Texas with Appraisal Caps
YouTube Description
as posted by the channelJim and Glenn discuss the negative consequences of House Bill 2, filed in the Texas House on March 3rd, 2023. HB2 proposes to reduce the homestead limit from 10% to 5% as well as broaden the "cap" to all real property (including commercial and non homesteaded residential).
Appraisal caps, especially broadened to commercial property introduce sever inequities in the property tax system.
Appraisal caps dissuade taxpayers from engaging in the protest process.
Appraisal caps introduce a disincentive to move, negatively impacting the real estate industry, and the greater economy.
Jim and Glenn discuss the nuances of the above statements.
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