Tax Ratification Elections (TREs) if passed by voters will wipeout state mandated M&O property tax relief. Senator Paul Bettencourt (R-Houston) is sounding the Taxpayer Alarm that local school boards have scheduled tax ratification elections (TREs) that, if passed by the voters, will wipeout state mandated maintenance and operation (M&O) property tax relief in their districts. Taxpayers should be alerted that passage of a TRE means they could pay the same property tax rate as they did last year and not get any, ZERO, property tax relief as a result. For example, Katy ISD, Fort Bend ISD, and Beaumont ISD are all asking voters for TREs in November, but the net effect of this is a tax bill increase. With the tax rate the same as last year, taxpayers will have to pay the full amount of their appraised value increases, unless capped as a homestead at 10%.
Original Article: https://thekatynews.com/2022/09/05/sen-paul-bettencourt-sounds-the-taxpayer-alarm-as-isds-have-tres-to-raise-property-tax-rate/