A property tax check is one of the biggest checks you might write every year as Texas has the highest property tax rate in the US. Property owners nearly pay more than one-third when compared to the national average. But why? Here are three major reasons listed out that explain why Texas has the highest property tax.
Why property taxes are high in Texas
If a property tax reform is likely to happen, then the tax burden will be distributed. The state income tax would come into a form or a higher sales tax will be imposed to make up for the shortfall. However, this is unlikely to happen even though it would mean tax relief for many property owners.
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