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 Since the tax is the major source of revenue for the local government, the burden falls on you because you have to pay the property taxes. Property taxes are high because they are utilized for schools, road maintenance, emergency services, and other community safety measures. 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... Read More

Cook county is coming up with new plans to work on their tax codes and reforms to start from scratch! The property tax bills were late because it took a long time to correct the errors in the senior citizen exemptions program. The county assessor identified the problem with the senior citizen exemption program and tried to figure it out before the news was out. Fritz Kaegi’s, the county assessor of Cook, his only intention was to solve the issue and fix it so that no citizen needs to pay more than their fair share. What’s the root cause? The root cause of so many errors that happened with senior citizen exemption was due to high paperwork and an outdated system. This massive issue has spread to laying unfair taxes on poor and middle management people that resulted in them paying high taxes. But the county assessor explained that they... Read More

Government agencies play a major role in determining the property taxes Texans owe every year. As the population in Texas is growing, the demand for housing booms, and the property values, in turn, increase the property taxes Texans pay every year. Determining how much the Texas property owners owe is quite a complicated process and it also involves multiple government entities, cities, counties, and school districts. However, the final tax rate is determined by the appraised value which is set by the local appraisal district. The legislators then spend the next several months discussing how to keep the property taxes from going up so fast. The process that determines the Texas property tax rate Now that you know how the Texas government calculates property taxes, use our property tax calculator to estimate your potential savings. Make sure you do not pay more than your fair share of property taxes. ENROLL... Read More

Property tax bills are a great burden if you haven’t planned your finances well. It can sometimes completely consume your income or drain your savings. It is always important to stay up-to-date about some of the money-saving tips or legal ways to cut down taxes. Well, What are the best money savers in your tax bill? Believe it or not but it is as simple as a deduction and tax credit. What is a tax deduction? A tax deduction directly reduces your amount of income which is liable for property tax laid by your appraisal district. Every income taxpayer has the right to pick standard deductions from their income account. Since it directly claims money from your income source, the major burden of spending your savings on tax bills can be reduced. What is a tax credit? A tax credit can directly cut down on tax bills. It helps in... Read More

The big question now is, are Texans likely to experience a higher property tax rate in 2023 or is going to remain the same? This question is bombarding many Texans’ minds. However, in a press release on the 30th of August, Senator Bettencourt said Texans will see a reduction of at least 6.6 pennies on the school district tax rate in 2022. This is considered to be a big win for the Texans in terms of property tax relief. With that being said, take a look at the property tax rates in three major places: the City of Bastrop, Fort Worth, and Tarrant County. City of Bastrop to keep the property tax rate the same The city of Bastrop is likely to keep its property tax rate the same. Home valuations have increased by 6.88% on average in 2021 and so have the property taxes. The city is considering keeping... Read More