Despite claims of tax relief, Texans are still facing skyrocketing property taxes. In 2022 alone, property taxes increased by 12.2%, adding $8.9 billion to Texans’ tax burdens. This whitepaper argues that current property tax limits are ineffective due to loopholes and exceptions that allow taxes to rise unchecked. The solution? A bold plan to eliminate school M&O property taxes within 10 years, using surplus revenue to buy down these taxes, freezing rates, and requiring voter approval for local governments to exceed the no-new-revenue tax rate. It’s time for real, lasting property tax relief for Texans.