Texas: The Issue Is - Property Tax Cut
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- Опубліковано 2 жов 2024
- The Texas trio takes a look at the signing of the largest property tax cut in Texas history. FOX 26's Greg Groogan looks at the bill's negotiations and what it means for homeowners and renters. #taxcut #texas #news
Why should people in their seventies pay school taxes? Seriously I want to know!
DO AWAY W IT
Because education benefits everyone, even if they don't have kids or their kids are out of the house. Why should people with a vasectomy pay it? Why should people with no kids pay it? These questions are obviously ridiculous, just like yours. Obviously, people like you didn't plan for retirement. You're so eager to collect pension and social security and yet so averse to the idea of taxes to make the schools better while benefitting from an economy supported by those same taxes for 70 years. WEAK.
Why should the younger generation pay for Medicare?
Why should taxpayers pay for education that is rotting kids brains, police who let kids die (Uvalde), and electrical grids that collapse?
Um I’m didn’t you kids or yourself go to public school
I’m sick of these high property tax bills and I don’t even have kids. Cut property taxes!!! I’d rather pay income tax it would never be this burdensome. This is ridiculous. Time to move. Texas has some of the worst property tax rates in the country
What are you talking about. They just lowered it!
I pay income tax on my Pension fund and more than half my social security. Dallas, TX. 68 yr.
Now imagine eliminating property tax completely all the way down to the country level. Imagine how many more people can now afford to buy their homes and the elderly can now breathe a lot easier.
They would just replace it with another tax.
@@underground9260 They'll just call it "Fees".
I would like to Thanks these folks for not taking more in taxes!! Thank you for letting us keep and live in our homes!! God Bless You!!
Will this benefit a normal home owner like me or do I need to have a million dollar mansion to qualify 😂
I benefited with a 120K property.
I came here to read the Debbie Downer comments.
These must not be Texans. They like paying higher taxes!😂
This is great news!! Just bought a house a few months ago. Thank you for being the best state in the US.
Lol, you actually think you'll get relief. Watch how the city and county increase their rates.
Yep. Will get one year of relief. But it will increase back to where it was at before!
There should be no property tax on your home or property, a real governor would abolish all taxes on your home and property!!!
Unfortunately, my home insurance premium increase will cancel out the savings from this
Right. I was 2600, mortgage company estimated 3200. Ins bill came, 4500. So since county tax assessment program screwed up I am mow over 4000 minus in escrow. Only 500 payment increase for the next year.
Remember back in 2019 they tried to raise the sales tax, so they could give residents a property tax cut? Because they couldn’t do it without raising another tax. Give it a few years. That Covid money will be gone, and they will add other additional taxes, just watch!
I just received my tax bill and it is higher!
This is pure window dressing. The local CADs and ISDs will calculate a tax rate that will eclipse any savings for the homeowner. FOX4 should do an in depth story on how there is little control over these entities. And do a follow up story next year, with local homeowners, to see the actual savings.
Not if the voters don't approve.
Exactly. My taxes have went up almost 3x the amount from my first purchase back in 2021
Not enough Gov Abbot. Now tell the counties that they can no longer keep appraising home values 10% + annually. Our state gov caused this and now they act like they have done something. I vote republican and it is time we get better leadership and do more for our tax payers.
The majority of property taxes is for public education.. which is failing and not appreciated by the students or parents to receive a free education.. extremely over paid school, administration’s, and teachers, … most teachers make above the national income for households!!! Let alone poorer neighborhoods where teachers are the highest paid in the community…
That’s why many local governments will probably raise sales tax at a very high rate. Look at Alabama. State has the 2nd lowest property taxes, but has the highest sales tax rate in the nation. The city of Arabs has a sales tax of 12.5% and that includes groceries being taxed at the full rate.
Yes...because owning your home doesn't truly mean anything unless you pay property taxes every year to continue owning that home. Its simply illegal. Abolish property tax for home owners.
Same with sales tax. It’s unconstitutional
I LOVE TEXAS ❤️
I’m from the government, and I’m here to help -Ronald Reagan🤔
Between Property taxes and insurance, I am loosing my home. I can't afford to up keep on the home due to $9k in these issues AND running me out of my home. Even if you pay off your home, it is NEVER completely paid off due to Property tax. So do not call me a home owner. Call me broke on low income. Abolish Property tax at 70 years old so we can up keep our homes. THANK YOU GREG ABBOTT you helped us a great deal in 2023. Biden should help seniors and vets BEFORE other countries. 2024 My Property taxes value went up $118k. I guess they are making up for last year.
when the people get a check we pay tax too not fair
People over the age of 60 should not be paying property taxes. If Greg does not help homeowners more, then he needs to be replaced. Get rid of property taxes and increase our state sales tax a full % point. This would more than cover it.
Is this kicking the bucket down the road and we pay you later I will not believe it until I see my property taxes lower. Three things to survive on earth is food, water and shelter by taxes my home or taking my home behind taxes destroyed all I was taught to survive .
PROPERTY TAX IS A SCAM !
YOU'VE DONE NOTHING, ABBOTT !
Funny they just double my monthly payments 😂
My property tax was literally cut in half this year!
can someone dumb it down for me i aint that good in this area of expertise
CUT IT ALL,,WE SHOULD NOT BE PUNISHED FOR BEING RESPONSIBLE,,,,IF YOU WANNA TAX ,,IMPOSE A STATE TAX SO WE ALL PAY,,NOT ONLY HOMEOWNERS,,BUT RENTERS,,ALSO,,,,,,TEXAS BOASTS ,,WE DOTN HAVE STATE TAX,,BUT IM PAYING MORE HERE THAN CALIFORNIA LIBERAL TAX STATE AND FEDERAL COMBINED,,,HAHAHAHHAAH
We’re still paying taxes regardless. If you read the constitution, taxation is unconstitutional regardless what it is.
Lies fed to the peasants
Can someone explain this with apples ?
You grow 10 apples 🍎, the state government takes 2, for public education… the students throw it away… schools suck and parents don’t care either.. it’s overpaid babysitters… tax payers see this and vote for less money being wasted.. the home owners get back one apple.. the Federal Leftist controlled government taxes 4 more.. you wind up with 5 apples…. All the apples that were stolen are sent to Ukraine…
3VV0B7AX6NM133057
But sweetie why you driving a car purchased with my social and my business info, you can never ever drive , DUI times two , murdered people in both accidents
Maybe more of that money should have went into the power grid?
Did you lose your scribbler?
@@User20758 are mad because your mommy stopped breast feeding you?
when you tell them to spend that money on something else. they want to convince you that it doesn't exist because they don't want to collect it but then they offer people with houses only a tax cut. i am like what if you collected those 18 billion instead of not collecting it . then you would have 18 billion. the plan only give home owner 6million home less than 7.2 billion. while companies and government get over 10 billions. a lot of these companies already got a sweet deal on cheap labor coming to texas.
Most of us will not benefit from this or it will be so small that the tax savings is minimal. People fail to see that the max homestead value you will receive is still 20% of your homes value.
The local school isd is rapidly working on the new school Bond to make up for lost money.
Vote against any school bonds.
@@joycepino5346 we did. The problem is the high school brain washed all the 18 year old seniors and drove all of them in the school bus to vote. We lost.
@@joycepino5346as a voter newer to local issues, why do you suggest voting against school bonds? I understand bonds in the financial world means loans but is it because we don’t want any new tax increases?
"It'll make it easier for renters to buy homes..." No it won't. Because Corporate Buyers are going to continue to buy up single family houses and rent them out at exorbitant prices...it doesn't matter that the mortgages would be lower for them...the cost of rent will still continue to climb...
They already sky high.
Love Texas 🎉❤
All BS. lies and more lies.
Never possible without the influx of Californians, I thank you.
Typically this means cutbacks in city and county services, and user fees for previously free services.
It’s pointless to even buy a home😂 waste of f money