During a recent government meeting, the council opened a public hearing to discuss local real estate trends and tax implications affecting the city of Taylor. Real estate broker Gary Gola presented compelling data indicating that Taylor is losing potential residents and businesses to the neighboring city of Hutto due to significant differences in property taxes and amenities.
Gola highlighted that between January and July, only two out of twenty homes that met specific criteria sold in Taylor, while eighteen were purchased in Hutto. He pointed out that both cities offer similar housing options, yet Hutto's lower property tax rates—$2,010 for a comparable home in Taylor versus $1,500 in Hutto—are a major draw for new families. Gola emphasized that the amenities available in Hutto, including major retail stores and entertainment options, further enhance its appeal.
He urged the council to consider the local tax burden, which is determined by elected officials, and suggested that without adjustments to tax rates, Taylor risks continued population decline as potential residents opt for Hutto instead. The public hearing concluded without a vote, but the discussions underscored the urgent need for the council to address these economic challenges to retain and attract new residents.