The 2026-27 state budget provides for $150 billion in general revenue spending, including $51 billion in property tax cuts. Those large, permanent tax cuts are only made possible by historically large carryover balances in 2023 and 2025. Every Texan opposed those tax cuts out of concern for their sustainability and their impact on public services. Property taxes are stable and transparent. In states like Texas property tax revenue is especially vital without an income tax.
Every Texan recognizes, however, that millions of Texans are struggling with housing affordability.* The key question is: Can we efficiently lower property taxes for Texans most in need, while ensuring Texas provides sufficient funding for crucial state and local public services, including education, health care, infrastructure, disaster relief, and more?
Bottom Line: The state legislature can and should stop cutting property taxes.
Interim Testimony: Property Taxes
Shannon Halbrook
Director, Invest in Texas
The 2026-27 state budget provides for $150 billion in general revenue spending, including $51 billion in property tax cuts. Those large, permanent tax cuts are only made possible by historically large carryover balances in 2023 and 2025. Every Texan opposed those tax cuts out of concern for their sustainability and their impact on public services. Property taxes are stable and transparent. In states like Texas property tax revenue is especially vital without an income tax.
Every Texan recognizes, however, that millions of Texans are struggling with housing affordability.* The key question is: Can we efficiently lower property taxes for Texans most in need, while ensuring Texas provides sufficient funding for crucial state and local public services, including education, health care, infrastructure, disaster relief, and more?
Bottom Line: The state legislature can and should stop cutting property taxes.
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