Texas Bans Future Income Tax
/PRNewswire/ -- In the November 5th election 76% of Texas voters approved constitutional amendment Proposition 4 to prohibit the state from imposing any income...
www.prnewswire.com
No more property tax in TX?
- Thread starter ILexpatriot
- Start date
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www.prnewswire.com
Texas Bans Future Income Tax
/PRNewswire/ -- In the November 5th election 76% of Texas voters approved constitutional amendment Proposition 4 to prohibit the state from imposing any income...
Not the same article.
In Medina County, homestead owners over 65 don't pay school taxes but do pay for the Emergency Service District and Medina County expenses. These went up quite a bit for this coming year to pay for all the crazy development, large raises for elected and non elected county employees and various other things the county came up with that are hard to understand. There was a vote to cap or raise the minimum tax rate last year and of course, the astute Medina County voters voted to raise it. They (we? I guess) voted for a $300M school bond to build since the county commissioners and judge have allowed nilly willy development as land prices were relatively low and developers had a feast. They didn't hold developers feet to the fire for infrastructure help so the county will eat most of it. On top, they welcomed in two huge Microsoft server farms while placing the county in stage 4 water restrictions and facing electricity shortages. These people are so deeply ingrained in their positions and keep their heads down that voters just pull the handle on voting machines and say, "more taxes? no problem...".
Retirees would likely not be able to afford whatever the alternative would become.
It looks like you have 8 different school districts in Medina county. Do they all waive taxes for over age 65?
Tax Info
ILexpatriot
Member
This is true. But not losing your home has got to be a plus..
Polkwright
Active Member
No problem! 22% Sales Tax!
Relying too much on sales tax creates a volatile income stream. Sales Tax receipts tend to fluctuate with the economy. They'll fall drastically in bad times. Plus, the increase to 22% would change people's spending habits, reducing spending so that the 22% wouldn't be enough.
They should really have an income tax instead of these onerous property taxes.
Relying too much on sales tax creates a volatile income stream. Sales Tax receipts tend to fluctuate with the economy. They'll fall drastically in bad times. Plus, the increase to 22% would change people's spending habits, reducing spending so that the 22% wouldn't be enough.
They should really have an income tax instead of these onerous property taxes.
seeker_two
My posts don't count....
So....a sales tax means the government would have less money to spend and taxpayers would have more control over their tax expenditures.....
....what's the bad side?
Double Naught Spy
Well-Known
It will kill them, but they will die on their land. That property tax paid for the fire department that would have come out when they started feeling bad, but doesn't anymore. No more police, so the teenaged thugs did a home invasion on them. Property taxes are helping pay all your local government and infrastructure.
ILexpatriot
Member
If the money for those things are shifted to other taxes, those things wouldn't happen. They may well "chose" to starve to death, but they at least won't lose their home in the process..
I’ve stated in other posts, wifey worked in a financial role for one of the municipalities, and I can tell you that it’s plainly obvious that the peoples money is managed much differently than these public servants would handle their own personal finances. It’s sickening. There’s absolutely no incentive to preserve funds, because there’s always a guaranteed income stream.
End of each fiscal year, each agency scrambles to spend every last cent in their budget, because if they want to ensure they get at least the same amount in next years’ budget. Any left overs, and it’s deemed the funds are not needed and they are allocated somewhere else.
Construction bids are a joke. They are non-binding and it’s expected to receive cost adjustments well after the work has started. As long as it’s below a certain percent, nobody questions it.
End of each fiscal year, each agency scrambles to spend every last cent in their budget, because if they want to ensure they get at least the same amount in next years’ budget. Any left overs, and it’s deemed the funds are not needed and they are allocated somewhere else.
Construction bids are a joke. They are non-binding and it’s expected to receive cost adjustments well after the work has started. As long as it’s below a certain percent, nobody questions it.
They waive property taxes for the school district but not the rest of the county taxes. Pretty sure this isn't unique to Medina County for those over 65.
Wes Virdell, a pro gun guy, won the GOP primary for TX53 house seat replacing a scumball RINO! He wants to see an end to property taxes. I sent him a note and he called me prior to the primary and I asked how he would do this and he really didn't have a firm plan. Here is the blurb from his campaign website:
virdellfortexas.com
Until I hear some sort of a concrete plan that doesn't involve a huge bump in some sales tax or other, I will not hold my breath. Wes is a great guy and was Texas State Director for Gun Owners of America. He is a smart guy and I hope he figures out how to raise money without property tax.
Legislative Priorities
Wes' legislative priorities include safeguarding our gun rights, protecting our borders, and putting an end to property taxes. More liberty, less government.
virdellfortexas.com
End Property Taxes
Property Tax is one of the most egregious forms of taxation. Repeatedly paying a tax on our property means we are merely renting our house from the government. If we follow the principle of liberty, the government has no authority over our property.Until I hear some sort of a concrete plan that doesn't involve a huge bump in some sales tax or other, I will not hold my breath. Wes is a great guy and was Texas State Director for Gun Owners of America. He is a smart guy and I hope he figures out how to raise money without property tax.
I’ve never heard of it anywhere before. And each taxing entity would have to authorize it individually- all 8 school districts. That includes Northside ISD. And that means Northside would waive those taxes for everyone over 65, not just in Medina county. I’m pretty sure that’s not the case. I can’t find an explicit list of exemptions on the Medina CAD site, so I can’t verify any of it.
