Texas

yellowdogintexas

(22,898 posts)

10. I disagree on Prop 4. Many homeowners will receive a financial boost

Sun Nov 5, 2023, 10:08 PM

Nov 2023

from having their homestead exemption increased. I know it will benefit us significantly. The average anticipated tax reduction is $1300. If the home you own in Texas is your primary residence, you can claim homestead exemption. This exemption reduces the value against which your tax rates are applied. Those of us with moderately priced homes will see the most benefit.

When you reach age 65, there is an additional exemption.

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Early Voting Begins Tomorrow in Texas. Those 14 Constitutional Amendments on the Ballot Explained [View all] blogslug Oct 2023 OP

A lawyer friend in Texas Old Crank Oct 2023 #1

Prop 7 Old Crank Oct 2023 #2

A more progressive look at the measures Old Crank Oct 2023 #3

Many, many thanks for posting this, Old Crank! callous taoboy Oct 2023 #5

Thank you! I have shared this with several people. nature-lover Oct 2023 #7

I disagree on Prop 4. Many homeowners will receive a financial boost yellowdogintexas Nov 2023 #10

I have no dog in this hunt Old Crank Nov 2023 #11

The Texas government has this "rainy day fund" which is exploding yellowdogintexas Nov 2023 #12

Thanks for the heads up. joshdawg Oct 2023 #4

Thanks for the resources. tanyev Oct 2023 #6

Prop 6 is a trojan amendment (although it will pass) 73% of the time they do. walkingman Oct 2023 #8

Thank you blogslug Oct 2023 #9