IF YOU OWN REAL PROPERTY IN TEXAS, PLEASE PAY ATTENTION…remember in 2006, headlines trumpeted that the Texas Legislature had created for us a new modified franchise tax—dubbed the margin tax—expanding the payer base to include more Texas businesses?
Hailed by our then leadership as a solution to reduce real property tax with the business tax offset, the actual amount paid by Texas property owners…surprise…did not go down because the rate decrease was absorbed by appraisal value creep.
NOW, the 84th session has convened and reduction of property taxes is back in the fray. (Don’t forget last year’s campaign promises to lower real property taxes.) If you have concern…
