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Ever wondered how to cut your Texas property taxes? Monte Shaw, Wise County’s Tax Assessor & Collector, breaks down homestead exemptions, veteran benefits, and the over-65 tax ceiling in simple terms. Don’t miss these insider tips that could save you thousands Timestamp: 0:00 – Intro 0:02 – What happens if a tax rate exceeds the voter-approval rate? 0:23 – No-New-Revenue Rate & voter rollback process 0:34 – What parts of ISD taxes the community can control 1:13 – Required annual public hearings for tax rates 1:56 – Do tax rates drop automatically when property values rise? 4:34 – Example: City of Rome rollback election & refunds 5:09 – Low public participation in rate-setting meetings 6:06 – Sheriff/Tax Sales overview and process 6:54 – Why most tax sales involve mineral interests 8:36 – Rare sale of homesteads & payment plans 9:42 – What tax-sale properties usually sell for 11:52 – Who receives excess sale proceeds 12:19 – What happens when no one bids (struck-off properties) 13:15 – How collected taxes are allocated in city/county budgets 14:05 – Who sets and approves the county budget 15:59 – Budget first, tax rate second 16:17 – Penalty & interest waivers (who can approve them) 17:02 – Closing & how to contact the tax office