Issue Position: Property Taxes
Issue Position
Issues: Taxes Housing and Property
Phil is for meaningful property tax relief. As the only practicing CPA in the Texas House he understands that the main culprit in skyrocketing property taxes is school tax. School tax is made up of two components: Interest and Sinking Fund (bonded debt), and maintenance and operations (M&O). In the 86th Legislature Phil filed HB 3793, a bill that would in effect subsidize M&O taxes with exempt sales and use taxes. If passed, it would have significantly reduced property taxes for residential homesteads.
Source