Texas Real Estate Consumers and Property Owners Earned Victory
On May 27th the Texas Legislative session ended on a positive note for real estate consumers and property owners. Texas REALTORS ® have been fighting for some time now to change the state’s property tax system and have finally succeeded.
According the Texas Realtors, the following were bills passed the Texas House and Senate and are moving on to become law.
- Property Tax Reform
- School Finance Reform
- Ending Forced Annexation
- TREC Sunset Review
- Disaster Relief/ Response
Texas real estate will be affected by all of the bills passed. While these bills are supposed to be a positive thing for property owners and Texas teachers, some speculate when and how the other shoe will drop.
To read in more detail about these bills, please click here.