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More property tax relief for Texas homeowners could be on the way, but some lawmakers are worried about what it could mean for everyone else.
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📊 The numbers: • In the last 2 years, more than two dozen states have seen plans to cut or repeal property taxes • The median U.S. property tax bill rose 25% from 2019 to 2024, more than $600 • Home values are up about 50% nationwide since the pandemic began, and assessments followed 🤠 In Texas: • Gov. Greg Abbott has proposed eliminating school property taxes on primary residences • Lt. Gov. Dan Patrick warns that would force the state to raise sales taxes to unsustainable levels • Texas used
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Have you delayed selling your home because you’re behind on your rates and taxes? You’re not alone and it doesn’t necessarily mean you can’t sell. In many cases, the outstanding rates and taxes can be settled from the proceeds of the sale during the transfer process. Don’t let fear stop you from exploring your options. 📩 Send me a confidential message if you’d like to chat. #KimTheCloser #ForYou #FYP #RealEstate #MeridianRealty
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