AUSTIN (Nexstar) — The path to property tax relief hit a major hiccup on Tuesday morning. A coalition of House Democrats and conservative House Republicans voted down the conference committee report on Senate Bill 10, which would lower the voter-approval tax rate (VATR) from 3.5% to 2.5% on taxing entities located in cities and counties with a population over 75,000 people.
VATR is a cap placed on local taxing entities that limits how much the tax rate can be raised before getting approval from voters. If a local taxing entity wishes to raise property taxes over the VATR rate, they must get voter approval.
In the Texas House, three amendments were passed to continue to lower property taxes further: • A State Rep. Brent Money, R-Greenville, amendment removing the population qualificatio