US Vote SmartHome » 2023-11-07 election » Texas » Statewide Amendment 04 - FOR |
Statewide Amendment 04 - FOR | |
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Texas |
proposition
(HJR 2 from the second special session): Authorizing the legislature to establish a temporary limit on the maximum appraised value of real property other than a residence homestead for ad valorem tax purposes; to increase the amount of the exemption from ad valorem taxation by a school district applicable to residence homesteads from $40,000 to $100,000; to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts; to except certain appropriations to pay for ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations; and to authorize the legislature to provide for a four-year term of office for a member of the board of directors of certain appraisal districts.
Submitted by john wertz on 2023-10-07 22:09:11
This is the “Robbing Peter to Pay Paul Amendment” which seems decent at first glance, but has already been exposed as a scam. This is the government returning a portion of its ill-gotten gains, and Republicans want us to be grateful. VERDICT: MOSTLY SCAM (??)
This is the one Texans have been waiting for! It may not be what most Texans wanted, the elimination of property taxes, but it does provide some relief for property owners.
The most notable forms of relief:
Increases homestead exemption from $40,000 to $100,00
Provides for the election of up to three members of the appraisal board.
Limits appraisal increases on non-homestead property
Overall, this is the best taxpayers are going to get during this session and most all should see some significant relief this year. This amendment was HJR 2 from the second legislative special session.
Recommendation: YES