10/26/2023
๐ก A pivotal choice is upon us! Texas Proposition 4, addressing Property Tax Changes and State Education Funding Amendment, will be hitting the ballot on November 7, 2023.
๐ A "yes" vote supports a hefty rise in the homestead tax exemption from $40,000 to $100,000, with the possibility of capping the yearly appraisal increase on non-homestead real estate. It also rules out appropriations made for state education funding from the state appropriations limit and sanctions four-year terms for members of appraisal bodies in populous counties.
๐ฏ A "no" vote, conversely, opposes these modifications.
๐ต๐ป Take note, this proposition would also warrant a reduction in property taxes for elderly or disabled homeowners, with the proposed changes taking effect on January 1, 2023.
๐ Consider your options thoughtfully, your vote WILL shape the future of real estate in Texas!
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