Austin, TX — Today, 6 new Texas business and consumer organizations joined a letter to state leadership supporting Governor Greg Abbott’s call for property tax relief through compression during the current special session of the Texas Legislature. With today’s addition, a total of 40 organizations and associations across the state of Texas have expressed support for Governor Abbott’s property tax relief call.
“We, the undersigned, support the Governor’s plan to cut school property tax rates by an additional $0.16 for a combined total of $0.26 per $100 of value,” the group of 40 organizations wrote to Governor Greg Abbott, Lieutenant Governor Dan Patrick, and House Speaker Dade Phelan.
“School tax rates for M&O would drop from $0.91 in 2022 to $0.64 next year. That rate cut will save all Texas property owners — homeowners, businesses, and rental properties alike —$17.6 billion. The property taxes of an owner of a $300,000 home would be cut by $1,300 over the next two years, and that property tax reduction would continue in future years.
“The Governor’s plan would offer immediate and meaningful relief for all property owners in the state. This will be the largest property tax cut in the history of Texas.”
The following Texas business organizations and associations signed on to the letter to state leadership:
Americans for Prosperity – Texas
Associated General Contractors of Texas – Highway, Heavy, Utilities & Industrial Branch
Associated General Contractors of Texas – Texas Building Branch
Independent Bankers Association of Texas
LIBRE Initiative
National Federation of Independent Business – Texas
North Texas Commission
Tax & Fiscal Consulting
Texas & Southwestern Cattle Raisers Association
Texas Aggregates and Concrete Association
Texas Agricultural Cooperative Council
Texas Alliance of Energy Producers
Texas Apartment Association
Texas Association of Builders
Texas Association of Business
Texas Association of Dairymen
Texas Association of Manufacturers
Texas Building Owners and Managers Association
Texas Business Leadership Council
Texas Cattle Feeders Association
Texas Chemical Council
Texas Cotton Ginners’ Association
Texas Economic Development Council
Texas Food and Fuel Association
Texas Grain and Feed Association
Texas Hemp Coalition
Texas Hotel & Lodging Association
Texas Nursery & Landscape Association
Texas Oil & Gas Association
Texas Pipeline Association
Texas Poultry Federation
Texas Public Policy Foundation
Texas REALTORS
Texas Restaurant Association
Texas Retailers Association
Texas Seed Trade Association
Texas Soybeans
Texas Taxpayers and Research Association
Texas Wine and Grape Growers Association
Theatre Owners of Mid-America
To read the full letter, click here.
TAB is the Texas State Chamber, representing companies of every size and industry. The Association’s purpose is to champion the best business climate in the world, unleashing the power of free enterprise to enhance lives for generations. Follow TAB on Facebook, Twitter, and LinkedIn.
Media Contact:
Katie Zarate
Director of Communications
Texas Association of Business
kgreer@txbiz.org
512-550-5147
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