Lower property tax rates won't help much without an appraisal cap. This bill has alot of smoke and mirrors.
My house appraisal (and those in my neighborhood) went up $5,000.00 this year. Just for kicks & grins, I check the appraisal value of our old house - it went up $7,000.00.
I sure see the tax break as a good thing.
I know nothing about the particulars of this bill, but I agree with you. No matter how many tax reduction bills have been passed over the years, I've never seen my taxes go down.
Likewise, local school boards can just float bond issues, raise the local property taxes to support paying off these bond issues, and bypass any reduction. We're seeing an increase in tax rates, assements, and number of units taxed; perhaps that's why they need more money. I also see schools with maybe 10-20% utiliaztion but with better football fields than some colleges.