Property Tax Reductions Improve Texas' Already Good Economic Outlook

Texas is now 6th in the American Legislative Exchange Council's economic outlook rankings.

This annual report evaluates the economic competitiveness and outlook of every state in the United States. Texas achieved its highest-ever ranking of sixth in 2024, largely due to the landmark property tax cut, SB2, that was passed in the 88th legislative session by Senator Paul Bettencourt with Lt. Governor Dan Patrick's executive sponsorship.

"Texas leaping up the rankings in ALEC's Rich States, Poor States up to 6th is a testament to a solid continually growing economy, legislative leadership like Lt Governor Patrick committed to economic freedom, and the passage of a record property reduction bill pouring billions of dollars back into taxpayer's pockets." Said Senator Paul Bettencourt, author of SB 2. "It should be noted that Arthur Laffer has long exposed the public policy benefits of homestead exemptions in tax policy, and the public's approval of Prop. 4 means Texas has an eye-popping 100k homestead exemption for school property taxes."

Click HERE for this year's rankings.