GOP Legislature About to Vote Themselves a Massive Tax Break
MySA.com: Metro | State: "The average state senator would get property tax savings nearly four times the $512 that an average San Antonio homeowner would get under a proposal working its way through the Legislature.
That calculation is based on property appraisal records and lawmakers' declared desire to lower school property taxes to $1 per $100 valuation, down from the $1.50 per $100 most Texas school districts levy for maintenance and operations.
Wealthier Texans, because they tend to own more and higher-priced real estate, stand to benefit the most from tax reforms now being considered in the Capitol, a recent study by the nonpartisan Legislative Budget Board indicated.
An analysis by the Express-News shows three Texas senators living in million-dollar homes and owning other real estate would see tax savings ranging from $6,535 to more than $9,000 under the bill, which is moving toward a Senate vote this week.
On the other hand, a San Antonio state representative who pays rent and owns no real estate would get no tax break."