Over the last 20 years, property taxes have increased 81% faster than the average taxpayer’s ability to pay for them, contributing to too many Texans struggling to pay bills and keep their home.
Our Lower Taxes, Better Texas plan will help Texans by eliminating local maintenance and operations (M&O) property taxes in a revenue neutral way by no later than 2033.
This balanced solution will give Texans the relief they demand while continuing to fund critical services, like public safety and education.
After eliminating the M&O property taxes, which represent 80% of all property taxes in Texas, constitutional changes should prohibit re-imposing these taxes.
Texas governments ought to embrace this fiscal framework to ensure all Texans can flourish and deliver real peace of mind to Texas homeowners in a timely way.
Vance Ginn, Ph.D. Chief Economist TPPF #LetPeopleProsper
Vance Ginn, Ph.D., is the Chief Economist at the Texas Public Policy Foundation, and is the Policy Director for the Foundation’s Alliance for Opportunity campaign, which is a multi-state poverty relief initiative. Vance formerly served as the Associate Director for Economic Policy of the Office of Management and Budget at the Executive Office of the President, 2019-2020. He has appeared on several leading national and state news shows. His commentaries have been published in The Wall Street Journal, Fox News, Washington Post, National Review, and other national and state publications.