Texas would need about $81.5 billion a year to end property taxes, officials say

Completely eliminating Texas' high property taxes would have cost the state $81.5 billion last year — or more than half the state's current two-year budget — state budget officials told Texas senators Wednesday. (Credit: Jordan Vonderhaar for The Texas Tribune)

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Texas would have to spend tens of billions of dollars to get rid of the state’s property taxes, state budget officials said Wednesday — a reality check on some conservatives who want to end them once and for all.