Will Texas legalize split-rate property tax (and thus Land Value Tax) within 5 years?
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Updated 4 hours ago
StaleNov 6, 22, 4:09 AM UTCJan 1, 28, 5:59 AM UTC
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The state constitution of Texas has traditionally been interpreted to explicitly forbid both split-rate property tax and Land Value Tax.
- Split-rate property tax is any property tax regime where land and buildings are allowed to be taxed at separate rates, Land Value Tax is thus a subset of Split-rate property tax where the tax rate on buildings is 0%.
- In the 1910's, J. J. Pastoriza, who would go on to be Houston's first Hispanic Mayor, insitituted a split-rate property tax in Houston, which was very nearly a full Land Value Tax:
- https://twitter.com/larsiusprime/status/1427107150053183505
- It got shut down, because of article 8 section 1, at least in one judge's opinion: https://statutes.capitol.texas.gov/Docs/CN/htm/CN.8/CN.8.1.htm
- It will probably take a ballot initiative to amend the state constituation to get split rate property tax passed in Texas.
