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Increase Texas’ homestead exemption to $100,000. Ensure those who are disabled and/or 65 and older get their homestead exemptions. State money would fund a cut in school property taxes.
Texas homestead exemption for school property taxes is $40,000. This bumps it up by $60,000. Those who are 65 and older or disabled have their property taxes frozen.
The 2023 Texas elections were held on November 7, 2023. [1] Texas voters statewide voted on 14 proposed amendments to the Texas Constitution. A special election took place to fill the vacancy from Texas's 2nd House of Representatives district, [2] which was followed by a runoff on January 30, 2024. [3]
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The 2023 Texas constitutional amendment election took place on November 7, 2023. Texas voters statewide voted on 14 proposed amendments to the Texas Constitution all of which would pass except for proposition 13, which would have increased the mandatory retirement age for state justices and judges had it passed.
The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year. [53] Exemptions can be quite substantial.
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