Texas Property Tax Protest Season – The Month of Discontent, by Joel Ho
Editor’s Introduction: Property tax bills are skyrocketing nationwide. With inflation, bare land values are up, house construction costs are up, and house prices are up. Even if property tax rates remain the same, the relative tax burden on individual landowners and homeowners is increasing. Many Americans are trapped in a quandary: They see residential real estate as one of their only viable hedges against relentless inflation. But as their home prices escalate, so do their taxes. Together, the combined stresses of higher interest rates (with consequently higher monthly mortgage payments) and higher property taxes are making home buying unaffordable for …