{"id":45843,"date":"2025-11-12T02:11:06","date_gmt":"2025-11-12T02:11:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/45843\/"},"modified":"2025-11-12T02:11:06","modified_gmt":"2025-11-12T02:11:06","slug":"austin-learns-a-valuable-lesson-on-austerity","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/45843\/","title":{"rendered":"Austin Learns a Valuable Lesson on Austerity"},"content":{"rendered":"<p data-type=\"paragraph\" data=\"[object Object]\" class=\"css-1akm6h5-Paragraph e1e4oisd0\">Regarding your editorial \u201c<a data-type=\"link\" href=\"https:\/\/www.wsj.com\/opinion\/texas-austin-property-taxes-voters-election-kirk-watson-aa057ad4?gaa_at=eafs&amp;gaa_n=AWEtsqc8AOIz2bP6dfhl7_u_lwaepkTX6C40SZbrb6VFzuocMgwEwpWGMpY8l_IMfpg=&amp;gaa_ts=6912506c&amp;gaa_sig=sXmLS70JEMIfjrY8Pe8TEkgCXTMq8Gm1-1G-EuaJYiXnLxAqp45-9fl53OHp9VJGKBl-IXTUKFZqhThY2qcoEQ==&amp;mod=article_inline\" target=\"_blank\" class=\"ekxajjj0 css-i0lbhy-OverridedLink\" rel=\"nofollow noopener\">The Property Tax Revolt in Texas<\/a>\u201d (Nov. 7): When I moved back to my hometown in 2014 after 32 years in Fairfax County, Va., friends were envious that I was shedding a state income tax. They didn\u2019t realize that in property taxes alone I now pay multiples of what I once dolled out in an affluent, high-tax Virginian suburb.<\/p>\n<p data-type=\"paragraph\" data=\"[object Object]\" class=\"css-1akm6h5-Paragraph e1e4oisd0\">The Covid-era housing boom made things worse. My house nearly doubled in assessed value, and others rose even faster. Prices were bid up daily, and though tax rates stayed reasonable, city and county revenues gushed. \u201cIsn\u2019t it great your house is worth so much?\u201d people asked, as my tax bill soared. As economist Herb Stein warned, \u201cif something cannot go on forever, it will stop.\u201d And so did Austin\u2019s housing values, leaving a reckoning behind.<\/p>\n<p>Copyright \u00a92025 Dow Jones &amp; Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8<\/p>\n","protected":false},"excerpt":{"rendered":"Regarding your editorial \u201cThe Property Tax Revolt in Texas\u201d (Nov. 7): When I moved back to my hometown&hellip;\n","protected":false},"author":2,"featured_media":45844,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[132,134,133,3462,8378,16293,16289,8376,16286,16287,112,8377,16292,16285,16284,26658,463,1631,16294,21013,2063,465,26659,26657,473,8233,27,464,474],"class_list":["post-45843","post","type-post","status-publish","format-standard","has-post-thumbnail","category-austin","tag-austin","tag-austin-headlines","tag-austin-news","tag-ballot","tag-ce-executive-news-filter","tag-commentaries","tag-commentaries-opinions","tag-content-types","tag-direct-taxation","tag-economic-news","tag-editorials","tag-factiva-filters","tag-government-budget","tag-government-budget-taxation","tag-government-finance","tag-linki1-sb12640923844299794195604592481611725360838","tag-north-america","tag-opinion","tag-opinions","tag-prices","tag-property-taxes","tag-southern-u-s","tag-subnational-government-budget","tag-subnational-government-budget-taxation","tag-synd","tag-taxation","tag-texas","tag-united-states","tag-wsj-pro-wsj-com"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/45843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=45843"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/45843\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/45844"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=45843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=45843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=45843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}