Texas Scorecard By Sam Samson August 20, 2019
Ahead of Senate Bill 2’s mandated limit on property taxes, Conroe joins a long list of Texas cities attempting to raise rates before the law goes into effect.
In May of this year, the Texas Legislature passed Senate Bill 2, which lowered property taxes by—among other things—requiring cities to hold public elections to get approval for proposed tax rate increases of more than 3.5 percent. The law was viewed as a major victory for Republicans and a necessary step to curb the state’s steadily increasing property tax bills.
However, many cities are attempting to jump ahead of the new law and raise property tax burdens before the voter-approval restrictions go into effect next year.
One of these cities is Conroe, just north of Houston. Faced with the impending limitations of the new law, Conroe City Council is proposing a tax rate hike this year. Under the proposal, rates will increase to $0.4454 per $100 assessed value, up from $0.4175 per $100 for the 2018-19 fiscal year. The higher tax rates are in addition to rapidly rising property values, which will dramatically increase what property owners pay in their city tax bill.
More:
https://texasscorecard.com/state/conroe-proposes-property-tax-hike-ahead-of-state-mandated-cutoff/
