Want Lower Property Taxes? Vote This November!
The chance for significant property tax relief is in your hands! Thanks to the tireless efforts of advocates, including the Texas REALTORS® at the State Legislature, Texans have the opportunity to vote on several critical constitutional amendments this November that could directly lower your tax bill.
These propositions represent a major push to provide real financial relief for homeowners and support small businesses across the state. Your vote is essential to make these changes a reality.
Prop 13: A Bigger Piece of the Exemption Pie for Homeowners
This is the big one for Texas homeowners!
SUPPORT PROPOSITION 13 to Increase the School District Residence Homestead Property Tax Exemption.3
- What it does: This amendment would raise the general residence homestead exemption from $100,000 to $140,000 for school district property taxes.4
- What it means for you: The homestead exemption reduces the value of your primary residence that is subject to school district taxes.5 If approved, this means $40,000 more of your home’s value will be exempt from taxation, directly lowering your annual tax bill.6
- The Bottom Line: This is a broad-based tax cut that benefits nearly all Texas homeowners and is a key step in reducing the largest single component of most property tax bills.7
Prop 11: Protecting Our Elderly and Disabled Neighbors
Property taxes can be particularly burdensome for those on fixed incomes.8 Proposition 11 offers targeted relief for some of our most vulnerable citizens.9
SUPPORT PROPOSITION 11 for Property Tax Relief for Elderly and Disabled Homeowners.
- What it does: This proposition would authorize the Texas Legislature to increase the additional homestead tax exemption for those 65 years or older and disabled Texans from $10,000 to $60,000 for school district property taxes.10
- The total impact: If both Prop 13 and Prop 11 pass, the total school district homestead exemption for qualifying elderly or disabled homeowners could jump from $110,000 to $200,000 (the new $140,000 general exemption plus the new $60,000 additional exemption).11
- What it means for you (or a loved one): This substantial increase helps seniors and disabled individuals stay in their homes and neighborhoods, providing much-needed financial stability and relief from rising appraisal values.12
Prop 9: Relief for Main Street Businesses
It’s not just homeowners who are feeling the pinch—small business owners face property taxes on tangible personal property, often called the “inventory tax.”13
SUPPORT PROPOSITION 9 for A Higher Tax Exemption for Business Personal Property.
- What it does: This measure would authorize the Legislature to exempt $125,000 of the market value of tangible personal property—like equipment, inventory, and supplies—held or used for the production of income.14 The current exemption is minimal (around $2,500).
- What it means for business owners: This is a major win for small and mid-sized businesses, potentially eliminating or drastically reducing their tax burden on key business assets. It simplifies compliance and allows them to reinvest in their operations, hire more people, and grow.
Make Your Voice Heard!
- These propositions are constitutional amendments, which means they must be approved by the voters before they can take effect.15
- The State Legislature has already passed the laws to implement these tax cuts, but your vote this November is the final necessary step.
- Check your local election website for early voting dates and Election Day details. Don’t miss this opportunity to lower your property taxes and support your community!
- Go to the polls and VOTE YES on Prop 13, Prop 11, and Prop 9!
