Sunday, May 18, 1997
View of higher values
Property values in Abilene rose moderately this year, but whether
you see that as good or bad news might depend on whether the House
or the Senate predominates in the Legislature's attempt to restructure
property taxes.
The two houses are miles apart. The plan passed by the House
would provide about $5 billion in property tax cuts over two years
and lower residential tax rates by an average of 60 cents per
$100 property value. The Senate version provides only about half
that much in tax cuts and lowers rates an average of 17 cents
per $100 for homeowners.
If our legislators can resolve this impasse with a compromise
that furnishes real property tax relief, then the rest of us may
be able to more easily perceive and enjoy the benefits of owning
property that has become more valuable.
Send a Letter to the Editor about This
Article | Start or Join A Discussion about This Article
Send the URL (Address) of This Article to A Friend:
Copyright ©1997,
Abilene Reporter-News / Texnews / E.W. Scripps Publications
|
