Property Tax Reform A Legislative Priority for Houston Community College

Property Tax Reform A Legislative Priority for Houston Community College

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On August 21, 2014, HCC Board of Trustees Passed The Following Language:

“The accuracy of tax valuations and appraisals is essential to ensuring a taxing authorities’ capability of delivering crucial services to the community. Importantly, recent findings suggest that commercial property tax valuations are unreliable statewide, resulting in substantial tax revenue losses that adversely impact schools, libraries, hospitals, community colleges and other taxing authorities, which depend upon a fair and reliable system to generate revenue that helps deliver necessary services in our respective communities and throughout the state of Texas. In light of this circumstance, property tax reform is a matter deserving meaningful consideration for all Texans.”

The Houston Community College Board of Trustees provided a great service for its students and the community when it made property tax reform a legislative priority in its 84th session.

By doing so, the Board is helping to create a fair playing field for homeowners and commercial property owners while helping to support the programs students at Houston Community College rely on for a successful future.

Across the state, homeowners are bearing the burden when the largest commercial properties in the state only effectively pay taxes on about 60 percent of the actual value of their buildings, even though state property tax law states that all properties in Texas are supposed be taxed at 100% of their market value.

Houston Community College is the first community college to make property tax reform a legislative priority this session. We are encouraged to see leadership from the Board of Trustees, as Real Values for Texas partners continue to educate the public and our elected officials about the need for property tax reform.

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