Renters bear a massive property tax burden.
While the Texas home, business and agricultural property owners are all protesting property tax, renters are far from exempt.
Most never realize they are paying an outrageous amount of tax levied on rental properties.
Why?
Because renters never get homestead exemptions. Because the disabled, the veteran, and the senior citizen forfeits any of their exemptions, too. And while appraisal increases may be capped for homesteads, there’s no cap on rental properties.
Between 2009 and 2018, the Harris County Appraisal District reported that the average taxable value on single-family homes increased by 41%. But multifamily homes increased by 129%. That’s more than 3-times faster!
It’s time for renters to wake up and realize, they are being plundered the most by their local governments.
No Relief. No Reform. #EliminatePropertyTax