Texas Voters Support Tax Relief for Homeowners

Texas Votes

State Proposition 1 passed with 86% of the vote. This resounding victory will save the state’s current and future homeowners money in two ways:

  • The homestead exemption will increase from $15,000 to $25,000, reducing homeowners’ property-tax burden.
  • Passage of this proposition also means real estate transfer taxes are constitutionally prohibited, which saves consumers money when they buy or sell property.

Property taxes are a significant portion of a homeowners monthly payment so this important victory hits tax payers in the pocketbook – in a good way!

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