What does the State Prop 1 do?
- Lowers property taxes by increasing the state-mandated homestead exemption for school districts from $15,000 to $25,000, which saves you money … every year. Every Texas homeowner will save more than $125 every year.
- Provides tax relief to seniors and disabled Texans by extending the full benefit of the new homestead exemption, which protects some of our most vulnerable homeowners. The way the constitution is written, we have to “unfreeze” the current exemptions so we can increase it (to the new amount) … then we freeze it again at the higher exemption (this means lower taxes for seniors and disabled Texans). Continue reading “Vote FOR State Proposition 1 to Lower Property Taxes and Prevent a Transfer Tax”
