Texas Town BOOMING After Refusing to Collect Property Taxes
Article from The Daily Wire by Hank Berrien.
One small town in Texas is growing because it refuses to do one thing: collect property taxes.
Von Ormy was not the first town in Texas to eliminate property taxes; others included Stafford, which eliminated property taxes in 1995 as far back as 1995. The Von Orly Star reported in 2017, “The Von Ormy City Commission unanimously adopted its fiscal year 2018 budget on September 29 and maintained the city’s property tax rate at zero percent.”
Writing in the Houston Courant, Grace Watson, a legislative fellow at the Texas Public Policy Foundation, noted that Von Ormy voted in 2015 to reduce property taxes by 10% a year, adding, “The city now gets its revenues from sales taxes, franchise fees collected from utility companies, and miscellaneous permits.” Watson also pointed out that the city retains enough funds “to fully cover maintenance and operations costs for a full year in the event of a sudden emergency” and that Niche ranked Von Ormy as the suburb with the lowest cost of living in the San Antonio area.
Read the entire article at The Daily Wire.
Image Credit: By Jericho [CC BY 3.0 (http://creativecommons.org/licenses/by/3.0)], via Wikimedia Commons