Texas could see changes in property tax

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SHERMAN, Tex. (KXII)- Governor Greg Abbott proposed a 2.5 percent revenue cap on property tax for all Texas counties.

While Grayson County Judge Bill Magers wants lower taxes, he believes this potential cap could do more harm than good for Grayson County.

Governor Abbott points out that property taxes in Texas have increased over two times faster that most household incomes.

"The reality is, in 254 counties across Texas, a size 9 is not going to fit everybody," said Magers.

Abbott's plan would cap every city, county and school district.

"The problem with 2.5 percent, is that it's a fixed number. So as prices rise, inflation comes in, there's no mechanism by which we can cover those costs," said Magers.

Abbott's proposal would allow for greater increases in taxes, but it would have to be approved by a super majority of voters, over 66 percent.

Magers says Grayson County wouldn't have enough money for things like roads and law enforcement.

He says with the cap, future spending would mean borrowing money.

"We in Grayson County have paid as we've gone for quite some time. We want to continue to do that, and we're concerned at this low rate its going to force us to do things we wouldn't normally do because of the cap," said Magers.

Magers says he will be in Austin next week to meet with state officials.

"Because I believe that the commissioners court and county judge and all the elected officials here locally are better suited to take care of Grayson County than folks in Austin," said Magers.