Why mansions on Lake Austin are exempt from city taxes

How did so many of Austin’s elite get exempted from paying city property taxes? It started more than a century ago when the state authorized the city to annex the Colorado River’s shores extending roughly 22 miles from the city’s center to maintain the shores in hope of improving the river’s water quality.
Full story: www.statesman.com/article/201...

[@saywhat8635]

Um, because city leaders own property there?

[@SOLDTONORM]

Austin is full of "Special" people.

[@jerryware1970]

Do they receive city services today?

[@q.marshall3611]

I guess that's how the story goes.. Cause inner city in Austin north, south, east, an weather they ass plugged with taxes. Man I see how it go now.

[@711kw]

THIS IS A LOAD OF BULL PHIL!!!! I LIVE ON LAKE AUSTIN AND WE PAY HUGE TAXES!!!! BECAUSE MY NEIGHBORS ON EITHER SIDE OF US ARE NOT HOMESTEAD HOMES THEY EACH PAY $40,000 PER YEAR IN TAXES JUST TO OWN A HOME ON LAKE AUSTIN!!!!!! WE PROTEST OUR TAXES EVERY YEAR BECAUSE THEY ARE SOOOOOO INSANE!!! IF THIS ARTICLE HAS ANY TRUTH IN IT, THEN THERE ARE CERTAIN ELITE PEOPLE NOT PAYING THEIR SHARE OF TAXES!! WE CERTAINLY DO FOR THE LAST 15 YEARS!!!

[@tinhyeu5952]

What does one do exactly to afford a home on the lake? Just curious.

[@prettyboy1970]

Wealthy people not paying their fair share of taxes?! Nooo! Say it isn't so!!

[@exhaustedcoffee2603]

One solution, maybe move out?

[@jerryware1970]

@@prettyboy1970The wealthy pay the majority of the taxes in the USA.