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Senate Bill 2 tackles property tax issues, and House Bill 3 directly deals with school finance reform. House Bill 3 raised the amount per student each district is allotted from $5,140 to $6,030, and also reduces school property tax rates by about four percent per $100 in property value. [2] House Bill 1 is the overall budget for Texas.
Beaumont, Texas. August 2024 home value: $163,530. ... Odessa, Texas. August 2024 home value: $229,507. ... Ready to file your taxes? You can get TurboTax for 30% off on Amazon today
Odessa (/ ˌ oʊ ˈ d ɛ s ə /) is a city in the U.S. state of Texas and the seat of Ector County with portions extending into Midland County. [4]Odessa's population was 114,428 at the 2020 census, making it the 34th-largest city in Texas; it is the principal city of the Odessa metropolitan statistical area, which includes all of Ector County.
The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year.
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While only about 20% of Texas counties are generally located within the Houston—Dallas—San Antonio—Austin areas, they serve a majority of the state's population with approximately 22,000,000 inhabitants. Texas was originally divided into municipalities (municipios in Spanish), a unit of local government under Spanish and Mexican rule.
The tax rate of $0.171666 last year for 2023 was a decrease of 9 percent from the 2022 tax rate of $0.188643, according to information from Odessa College. The total budget for 2024-25 is $90,884,377.