Texas' Proposed Constitutional Amendments
This November, 17 ballot measures will be decided, affecting property taxes and judge discipline.
Homestead Exemption
Senate Joint Resolution 85 proposes increasing the state's homestead exemption for residents over 65 or with a disability to $60,000, up from the current $10,000.
- Combined with Proposition 13, the total exemption could reach $200,000.
- Estimated average annual tax savings: $907.
Proponents argue that this exemption will help individuals on fixed incomes, earning $36,000 or less, stay in their homes.
If approved, the state would need to compensate for lost school district revenue, costing approximately $1.
Author's summary: Texas voters to decide on 17 constitutional amendments.
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