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New potential burden for Houston homeowners: higher taxes

Source: foxbusiness.com/markets/2017/09/21/new-potential-burden-for-houston-homeowners-higher-taxes.html - Sep 22, 2017

HOUSTON – As Houston recovers from Harvey's devastating flooding, many homeowners could be asked to shoulder an added financial burden: higher taxes on the same houses they are struggling to rebuild.

Mayor Sylvester Turner has proposed a one-time increase in the city's property tax rate to help pay for mounting hurricane expenses, particularly the cost of cleaning up debris and replenishing an emergency fund.

Turner said he was "very, very sensitive" to the plight of homeowners and that the city was "trying to minimize" its request.

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Category: General Business