Blog & News

A new property tax revolt is sweeping the country, not unlike the first property tax revolt launched by Proposition 13 in California in 1978. Many homeowners have seen their property taxes skyrocket in recent years. Homeowners are challenging inflationary increases in their property taxes both through their state legislatures and at the ballot box. In some states citizens are demanding not just reform but rather elimination of property taxes. Other proposed reforms address th

Texas citizens have launched a new property tax revolt not unlike that launched by Prop 13 in California in the 1970s. Governor Abbot recently called a special session of the Texas legislature to enact property tax reforms. This year Texas citizens have used the initiative process to propose seventeen new amendments to the constitution, some of which are designed to provide tax relief.

In the past, home ownership has been an important part of the American dream. Buying a home was the most important investment decision that citizens made. That investment could provide for one’s retirement; and equity in the home could be used to borrow for education, health care, and emergency expenditures.