Per Texas Association of Realtors; This Fall 2023 Vote to Lower Property Taxes, voting guide

 

Vote to Lower Property Taxes—And a Lot More

October 04, 2023 | Texas REALTORS® Staff

Texas REALTORS® is supporting five of the 14 proposed constitutional amendments on the Nov 7 statewide ballot. (Early voting starts Oct 23  and runs through Nov 3.). Texas REALTORS® encourages you to vote for: 

• Proposition 1 – Protect the Right to Farm
• Proposition 4 – Provide Property Tax Relief
• Proposition 6 – Establish the Texas Water Fund
• Proposition 7 – Establish the Texas Energy Fund
• Proposition 8 – Establish the Broadband Infrastructure Fund

Proposition 4 would deliver the biggest property tax relief package in Texas history by raising the homestead tax exemption to $100,000 (up from $40,000) and authorizing the state to send more money to local school districts (also referred to as “compression”). These changes will help reduce property taxes for both homeowners and non-homestead properties. Proposition 1 would enshrine in the Texas Constitution certain rights related to agricultural activities on private property. Propositions 6, 7, and 8 establish funds to make investments in the state’s water, electricity, and broadband infrastructure.

Visit texasrealtorssupport.com for details about all amendments and to read about the Texas REALTORS® positions.

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