Just when it seemed the Texas Legislature’s latest property tax reform proposal was over the finish line, it was pulled back toward the brink.
The Texas House rejected the conference committee report for Senate Bill (SB) 10 on Thursday by a 60 to 71 vote, in which Democrats and the right flank of the Republican caucus united to halt the proposal. As originally filed, SB 10 would lower the voter approval tax rate (VATR) for cities and counties with over 75,000 people from 3.5 percent to 2.5 percent. Notably, special purpose districts like Municipal Utility Districts (MUD) are not included in the limitation.
