Early Voting is Now-October 30, and Election Day is November 3!
All Texas Residents are encouraged to vote “YES” for Proposition 1 because it protects homeowners and the real estate industry:
- Prop 1 will save homeowners money by increasing their homestead exemption from $15,000 to $25,000.
- Prop 1 also helps seniors and people with disabilities by giving them much-needed tax relief, and providing them a lower property tax cap, which helps keep their property tax burden low.
- Prop 1 will also constitutionally ban real estate transfer taxes, which target home sales as another taxing source. This means that Texans won’t ever be double-taxed on their property.
The ballot language for Proposition 1, reads:
“The constitutional amendment increasing the amount of the residence homestead exemption from ad valorem taxation for public school purposes from $15,000 to $25,000, providing for a reduction of the limitation on the total amount of ad valorem taxes that may be imposed for those purposes on the homestead of an elderly or disabled person to reflect the increased exemption amount, authorizing the legislature to prohibit a political subdivision that has adopted an optional residence homestead exemption from ad valorem taxation from reducing the amount of or repealing the exemption, and prohibiting the enactment of a law that imposes a transfer tax on a transaction that conveys fee simple title to real property.”
For answers to frequently asked questions about Proposition 1, visit texansforprop1.com/faqs.
Proposition 7 is an amendment that would authorize a new, stable source of funding for transportation in Texas, dedicated to the construction and maintenance of roads. Upon passage, Proposition 7 would dedicate a portion of the general sales and use tax and the motor vehicle sales tax to the general highway fund. The amendment would provide a significant step toward meeting the unmet funding needs for transportation projects in Texas.
The ballot language for Proposition 7, reads:
“The constitutional amendment dedicating certain sales and use tax revenue and motor vehicle sales, use, and rental tax revenue to the state highway fund to provide funding for nontolled roads and the reduction of certain transportation-related debt.”
Questions about Propositions 1 and 7?
Contact Adam Majorie, CCAR Government Affairs Director, at email@example.com or 972-618-3800.