Dear Editor,
Is it time for the property owners to rebel and enact a California type proposition 13? Will the powers to be continue to raise property valuations every year along with increases in taxes provided by law? Will the fixed income people be forced out of their homes due to rising tax load? Do you ever truly own your home (property) after the mortgage is paid? The answer to the first three questions is YES. The answer to the last questions is NO. If you think you do, see what happens if you can’t afford to pay the property taxes.
Does this sound good? The valuation of a piece of property is determined on the purchase or selling price, one percent rate cap of full cash value at time of acquisition, assessment roll back to a predetermined time, as long as property not sold future increases limited to an annual inflation rate of no more than 2%, responsibility for allocating property tax transferred to the state with state lawmakers allocating disbursement , a requirement that it takes a two thirds vote of both houses for the purpose of raising revenue and a two thirds vote of the voters for designated or special purpose taxes at the local level.
Are they anybody in the state of Texas willing to spear head this idea?
James Parker
Kyle, TX
