Big plans for a massive new development called Brown Ranch in West Fort Worth could mean a new special taxing district. This district would help fund the infrastructure needed for this huge project.
At a glance
Declining — being discussed less frequently. 0 mentions in the last 30 days, 1 the 60 before, 1 the 90 before that.
Proposed property tax reforms could lead to reduced local government revenue, potentially impacting city services and requiring adjustments to municipal budgets.
Property owners who may see reduced tax burdens, and potentially the state government through increased control over local fiscal policies.
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Local governments that may face reduced funding for essential services, and potentially residents who could see a decrease in service levels.
Nearly 9 in 10 voters agreed to this sales tax in Saturday’s election.
The Texas Legislature is focusing on several key interim charges, with property tax reform being a major concern. Discussions involve potential changes to local spending limits, voter approval thresholds for tax increases, and appraisal processes, which could significantly impact local government finances and property owner burdens.
Hines seeks taxing district for West Fort Worth megadevelopment Brown Ranch The Real Deal