Tax Foundation
Recent News About Tax Foundation
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Property and business tax burdens keep Texas out of top 10 tax climate rating: 'Property taxes are high and the average burden for state and local sales tax is 8.2%'
The Tax Foundation recently released its list of the top 10 State Business Tax Climate Index for 2023 and Texas remained at 13 possibly indicating there is room for growth. From last year, the two categories to change were sales taxes and property taxes, both dropping by 1 in the Tax Foundation’s rankings (all categories are ranked 1-50). State sales taxes now ranks 37 out of 50 and state property taxes ranks 38 out of 50.
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Lavine: Homestead adjustments 'were a small step in bringing our property tax system up-to-date'
Texas voters overwhelmingly approved a pair of measures designed to reduce property taxes May 7, but that doesn’t mean the battle for lower taxes has ended.