“Unfortunately, that affects the comps for existing homes and we get to pay more in property taxes.”
Maybe an initiative could be passed in Texas like California did in the late 1970s to limit property taxes based on what the owner paid for his property.
It has withstood continual court challenges. It is Proposition 13.
It limits taxes to 1% of the assessed value, where assessed value is the purchase price. Such value can be increased only 2% per year.
Since just doing whatever it wants the law be damned its the latest fad among statists I wonder how much longer Prop 13 will last before they simply declare it dead. They’ve hated that thing for decades now.