Texas Homeowners: Property Taxes & Appraisal Notices

Texas homeowners are about to get appraisal notices in the mail over the next couple weeks,

showing their property values as of January 1st, 20.

26. A new study from Smart Asset ranked 343 big U.S. cities by how much of a homeowner's income

goes to property taxes. Grand Prairie landed 18th, the only north Texas spot in the top 20,

with several others like Conroe 14th, Georgetown 15th, and Edinburgh 16th.

The analysis crunched data from the latest American community survey by the Census Bureau,

marking the first time Smart Asset dove this deep into tax.

Burden's nationwide, 45 Texas cities made the list overall,

and 6 cracked the top 25. They focus on the percentage of income eaten up by taxes,

not just local rates, since homeownership costs stack up with insurance and maintenance.

2. Folks on the ground feel the squeeze hard. Grand Prairie resident Maria Morales says,

even after exemptions, taxes take over 5% of her income, making houses in her lake ridge area,

pricier than they seen. Others, like Anna's Brian Pino question, if buying a home,

is even worth a hassle anymore. Texas pushed back with relief last summer,

when Governor Greg Abbott signed bills like House Bill 9,

bumping business exemptions from 2000. $500 to $125,000.

Senate Bill 4 Ray School Homestead exemptions to $140,000,

and Senate Bill 23 hiked it to $200,000 for those over 65 or disabled.

Cities like Fort Worth Fireback noting they've cut rates eight times in nine years

and max out state-allowed exemptions. With notices hitting mailboxes soon,

and protests brewing in places like Grand Prairie,

key tabs on your tax bill, and those appraisal values.

That's your update from El Paso News today.

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