Pickens Chief Tax Appraiser predicts confusion and frustration with HB-233
If you want to know about effective property tax reform, don’t ask a politician. Check with a professional:
“Every state that has implemented this — California, Colorado, and Florida — has ended up with higher property taxes,” he said. “The perception behind this is crazy. Tax bills are dictated by budgets. You start freezing values and only updating recent sells or new construction and rates will go up.”
Dobbs said especially in a year when the state is cutting back allocations to counties for road paving, the idea of freezing values was poorly thought out. He said they are virtually guaranteeing that local government will be forced to raise tax rates to cover the loss from frozen values and fewer state grants.
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