Taylor Scriber, a millennial in Texas, is trying to buy his first home but is concerned about property taxes. After reading about property taxes in Texas being slashed for older residents and those with disabilities, he worries he may end up shouldering the fiscal burden through his own payments with resulting rate hikes. Since Texas has no income tax, sales and property taxes are key in funding municipal services like schools. As revenue from older homeowners dries up and cities face budget challenges, the tax battle between baby boomers and millennials is brewing.
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