And so we can't, as a state, go in and literally cut the property tax rates, but we can buy down those rates. But here's the deal, Dana. We did that last session also. We used $18 billion last session to buy down those property tax rates. But a lot of people didn't feel it for one reason, and that's because local property taxing jurisdictions went back and raised those property tax rates. (00:34–00:39)
CLAIM
Asserts that Texas used $18 billion in the last session to reduce property tax rates.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
