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Sponsor pitches broad property-tax rate reductions to neutralize 2023 and 2025 reappraisals; critics warn of shifts and big general-fund cost
Summary
House Bill 528 would lower selected class tax rates to offset increases from 2023 and the expected 2025 reappraisal; proponents say it restores revenue neutrality for homeowners, while opponents caution the change shifts costs across classes and creates large general-fund implications for school guaranteed tax base payments.
Representative Ed Byrne (House District 11) presented House Bill 528, a proposal to reduce class tax rates for residential, agricultural and commercial property to blunt the tax impact of recent and projected reappraisals.
Supporters told the House Appropriations Committee the bill is a straightforward reversal of two recent reappraisal-driven increases: they said the 2023 reappraisal raised statewide values and that the bill would reduce residential and agricultural multipliers and residential rates to bring property-tax liability closer to pre-reappraisal…
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