This page is a work in progress analysis for reform of the Texas taxation situation. The goal is to identify where the spending is going, which areas better manage their resources and why, and where people are rightfully complaining.
I started by picking a county for which one individual was frustrated by the property taxation. I downloaded the data for the taxing districts which that individual may be subject to and began analysis of the rates and the values.
Analysis
- Jasper County has a rate of 0.65 [1] The rates were as low as 0.43 back in 1998, trended up to 0.70 in 2006 and have been trending down since then.
- City of Jasper has a rate of 0.3182
- Jasper County Water Control & Improvement District #1 has a rate of 0.293
- Jasper County Emergency Services District #1 through #4 has a rate of 0.03, respectively.
LVT Analysis
I selected a house listed for sale and checked on its land and improvement taxes. This house in Montgomery for sale had its tax go up by 9% from 2014 to 2015. What changed in Montgomery county or did something change with the home itself? It appears that significant renovations were done on the home - driving its value up significantly in 2016, and significantly driving up the tax bill.
Under an LVT scheme, what would have happened? There would have been no increase in the taxes due to the improvements.
Resources
- http://www.county.org/about-texas-counties/county-data/Documents/index.html
- http://www.efairness.org/case-for-fairness/how-sales-tax-impacts-us-all.html
- https://files.taxfoundation.org/legacy/docs/Tax_Foundation_Carolina_Business_Coalition_North_Carolina_Recommendations.pdf
- http://www.brb.state.tx.us
- http://www.county.org/about-texas-counties/county-data/Pages/Financial-Data.aspx