Senate Committee on
Property Tax

Senate Bill 2
Property Tax Reform
and Relief Act of 2019
February 6, 2019

 LOCAL TAX BURDENS NATIONALLY
Texas has one of the highest property tax burdens in the county, with a median property tax rate
of $2.17 per $100 in property value. In 2016, only 4 states had a higher median tax rate.

Sources: CoreLogic, via Dallas Morning News

 LOCAL TAX BURDENS NATIONALLY
By 2017, Texas had moved into a statistical second place tie with Illinois.

State

Effective Avg.
Tax
Property
Rate
Tax

State

Effective Avg.
Tax
Property
Rate
Tax

1. New Jersey

2.31%

$8,477

46. Delaware

0.56%

$1,526

2. Illinois

2.13%

$4,845

47. Tennessee

0.54%

$2,046

2. Texas

2.06%

$5,935

48. Colorado

0.52%

$2,046

3. New
Hampshire

2.03%

$5,935

49. Alabama

0.48%

$776

4. Vermont

2.02%

$5,150

50. Hawaii

0.32%

$2,489

Source: Comparing average property taxes for all 50 states and DC, USA Today, April 16, 2017

 2006-2017 Property Tax Levy
Growth
Since 2006, Property Tax Levies by class of taxing jurisdictions
have grown by almost 54%, 79%, 83% and even over 100%.

Sources: Texas Comptroller of Public Accounts; 2017 data subject to revision

 Source: “Property taxes are crushing Dallas homeowners, not that the City Council has noticed”, Dallas Morning News
Editorial, Aug 27, 2018

 Average City of Houston Homeowner?s 4
Year Property Tax Bill Increase

Tatal Tax Bill

mulativa "a Increase

2013 201-5r 2015 2016 201?

 

Tax Growth by TaxingJurisdiction
2013-2017

50.000545.0005. 

35309.15. i
I E: . DD 9-915.

E. . DD '3-?13

. DD 9-13



?Averege Yearly "a

Increase

+Ciumuletive ?0 Increase
since 2013

 

Property Taxes on a Median Valued
Home vs. Median Household Income
In 2016, Property Taxes on a Median Valued Home Grew 2.94 Time Faster
than Median Household Income.
12.00%

10.74%

10.00%
8.00%
Percentage Increase/Decrease in
Property Tax Bill on Median Valued
Home Yearly

6.00%
4.00%
2.97%
2.00%

Percentage Increase/Decrease in
Median Household Income Yearly

0.00%
2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

-2.00%
-4.00%
-6.00%
-8.00%

Sources: Texas Comptroller of Public Accounts; Texas Real Estate Research Center, Federal Reserve, US Bureau of Labor
Statistics

 Rollback Limit Compared With
ln?a?on

Rollback Limit

Inflation

 

7511?

Total annual funding has increased 53% (from
$39.6 billion in FY2006 to $60.6 billion in FY2017)

-Tota  Statewide State Funding Total Statewide Revenue from Reoapture

-Tota  Statewide Local Funding -Tota  Statewide Federal Funding

?Tota  Statewide Funding Adjusted for Inflation

559.339 $50616
$5?.510

$60,000
4554.059

550524 55155 $5o,293 tao??

$41335
$50,000 $451465

$43424

ions}

$39,642

$40,000

{In mm

$30,000

$20,000
I I I I

FY2 006 FY2 007 FY2008 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017

 

Data sources: TEA Financial Data, TEA Payment Report, and the General Appropriations Act



Comparison of the percentage breakdown of

funding sources between FY2007 and FY2017
FY2007 FY2012 FY2017

lState Recapture lLocaI IFederaI lState Reoaoture lLooal lFederal lState Reoaoture lLooal lFederal

 

Data sources: TEA PEIMS Financier Data, TEA Payment Report, and the Genera! Appropriations Act 

Senate Committee on
Property Tax
Senator Paul Bettencourt, Chair
Senator Angela Paxton, Vice-Chair
Senator Brandon Creighton Senator Kelly Hancock
Senator Juan “Chuy” Hinojosa