Property taxes continue to skyrocket in Texas. I have long supported the elimination of property taxes in Texas. Fortunately, the Texas Public Policy Foundation continues to publish valuable ways to achieve this by swapping them (sales tax rates are lower now because of expanded economic growth since these rates were calculated) with a reformed sales tax and/or buying them down over time. The key is to limit government spending so that the burden of government can be reduced.
Ph.D. Economist at the Texas Public Policy Foundation. Blog posts are publications by the author.