Why eliminating property taxes is a bad idea for Texas


If Texas were to eliminate the property tax, almost $50 billion in revenue that pays for school districts, cities, counties, fire districts, hospital districts, utility districts — some 4,000-plus political subdivisions in Texas — would vanish. To fund these operations using a state sales tax, Texas would have to increase the sales tax from today’s 6.25 percent to more than 20 percent — assuming the only thing we change is the tax rate.

Read more here: http://www.mystatesman.com/news/news/opinion/collier-why-eliminating-property-taxes-is-a-bad-id/nrKp4/

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