Matthew Kim

The state of Texas is experiencing economic growth, but high property taxes in Texas make homeownership difficult are putting a strain on the state's middle class. In an interview with Axios TV station last month, as reported by the Austin American-Statesman, chief economist Vance Ginn said that the state should use surplus tax revenue for relief, and he also explained the difficulties faced when trying to buy or sell a home during this time period due to bidding wars between different buyers on each lot, which leads to prices increasing faster than they otherwise would have been able to if there weren't so much competition among bidders willing to pay.