There are 14 propositions on the ballot for the Nov 7, 2023 election. Proposition 4 is about property tax relief with regards to the homestead exemption. The following information is provide by Texas Realtors on their website:
Property tax relief
Bill: HJR 2 – Second Special Session
Authors: Bettencourt, et al.
“The constitutional amendment to authorize the legislature to establish a temporary limit on the maximum appraised value of real property other than a residence homestead for ad valorem tax purposes; to increase the amount of the exemption from ad valorem taxation by a school district applicable to residence homesteads from $40,000 to $100,000; to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts; to except certain appropriations to pay for ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations; and to authorize the legislature to provide for a four-year term of office for a member of the board of directors of certain appraisal districts.”
Texas REALTORS® Support Because:
Proposition 4 provides much-needed property tax relief for Texans.
If you would like information about the other propositions, you can find it here: https://texasrealtorssupport.com/