Texas ranks among the highest in property taxes, with businesses facing the 9th highest burden in the country, and homeowners paying the 6th highest rates. This growing burden is driven by unchecked local government spending, particularly in schools and municipalities. Despite numerous legislative efforts to curb the rise, property taxes continue to climb. This whitepaper compares Texas’ property tax rates to those of other states like Florida, which manages to keep taxes low through fiscal restraint. If Texas adopted similar spending controls, taxpayers could save billions, creating a more competitive and prosperous economy.