May 27, 2015      1:28 PM
School districts fight to neutralize sting of local homestead exemptions
No good deed goes unpunished, and that certainly extends to school districts that offer local homestead exemptions
School
districts that offer local homestead exemptions will be fighting hard to keep a
Texas
House amendment in Senate Bill 1 that will cost the
state $400 million.
As they
say, no good deed goes unpunished, and that certainly extends to school
districts that offer local homestead exemptions. A combination of government
code and education code make sure the state bears the full cost of any such
exemption. Even so, the estimated 250 or so school districts that offer some
form of those exemptions are loathe
to end them, even in the most dire of financial times.
School
districts on the table include a slew of Harris County school districts, as well
as the Houston and Dallas ISD’s.
School districts offering tax breaks fall in both the property wealthy and
property poor categories. It does not include Austin
ISD.
By Kimberly Reeves
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