Texas has fairly low tax rates and no state income tax so it's a pretty affordable place to live. When it comes to living cheap, the lone star state is a pretty good place to be. We're the best place to be for first time home buyers but property taxes can be a little above the national average.
Those in favor say these changes will make a real difference for homeowners feeling squeezed by rising costs. Businesses, too, could get some much-needed breathing room.
The IRS has informed Texas taxpayers that filing for this on your federal return will delay your refund. That delay could be quite substantial. Here's what to know.