Texas

Texas voters pass measures aimed at reducing property taxes

AUSTIN, Texas (AP) – Texas voters have passed two amendments to the state constitution that aim to give modest payments to property tax owners.

About 85% of voters in Saturday’s election supported Proposition 2, which raises the value of a home that is exempt from school district property taxes from $ 25,000 to $ 40,000.

Texas Sen. Paul Bettencourt, a Houston Republican, said the change would save the average homeowner about $ 175 a year.

Around 87% of voters supported Proposition 1, which extends the legislature’s 2019 cuts in school property taxes to homeowners with disabilities or over the age of 65.

Rates for these owners are frozen. So with the new measure, they will benefit from those cuts and then their taxes will be “frozen,” Bettencourt said.

Texas voters pass measures aimed at reducing property taxes

Source link Texas voters pass measures aimed at reducing property taxes

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