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Why Lowering Property Tax Rates May Not Help Your Tax Bill

Local Audio Posts 8

This summer, it’s started to look a bit like a tax revolt in North Texas. Frisco voters just turned down a school tax increase, Dallas schools decided not to ask for a tax hike. And in Dallas County, Judge Clay Jenkins said he wants to cut property tax rates. On Tuesday, the Fort Worth City Council will vote on a new $1.65 billion budget that includes a two-cent cut to the city’s property tax rate. But with rising home values, a lower property tax rate doesn’t always mean a lower tax bill.