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Summary
The text and quiz advocate for abolishing property taxes, citing several reasons centered on financial burden, property rights violations, and the perceived fraudulent nature of Independent School District (ISD) bonds. The core arguments are, that property taxes lead to homeowners being "taxed out of their homes," prevent young adults from achieving homeownership, and effectively steal equity by taxing properties even when their value appreciation does not keep pace with the county's value. This system is also presented as a mechanism to fund fraudulent ISD bonds.
A significant concern highlighted is the "2008 style ISD Bond Crisis," exemplified by a large bond issue in Celina ISD that translates to substantial debt per household. These bonds do not fund teacher salaries or maintenance, are heavily purchased by teacher pensions, 401ks and institutions, and rely on "unlimited Ad Valorem Taxes" for AAA credit ratings despite being mathematically unsustainable. The ISD bond debt has "skyrocketed" and is underwritten without fundamental math, leading to insolvency that has "bankrupted cities, schools and property owners."
The current system lacks recourse or due process, violating the 5th and 14th Amendments. The Central Appraisal Districts (CADs) use "renegade value software" to inflate home values and generate higher revenue, often in collusion with Appraisal Review Boards (ARBs) to "bully and confuse homeowners." The proposed "Texas Solution and Bill" involves immediately ending all property taxes, temporarily increasing sales tax to 15% (then reducing it to 11-12%), halting all bonds, and requiring ISDs to prove their ability to repay bonds or face bankruptcy. This solution aims to eliminate waste, put money back into classrooms, and ensure financial transparency.