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. @LetPeopleProsper
Vance Ginn, Ph.D., is founder and president of Ginn Economic Consulting, host of the Let People Prosper Show podcast, chief economist or senior fellow at multiple think tanks, and former chief economist at the White House. In these roles, he provides high-quality research and trusted insights on how to affect positive changes at the federal, state, and local levels that help people flourish.