Monday, April 25 will be the first day of early voting for the upcoming May 7 uniform election and also the last day to register to vote in the May 24 primary runoff.
The May 7 uniform election is mostly made up of local city council and school board races, though there are two important amendments to the state constitution up for consideration on the ballot that would lower property taxes that fund public schools.
Should voters pass both propositions 1 and 2, no school district will lose funding as any lost revenue will be replaced by the state.
TEXAS STATE PROPOSITION 1
If passed, Proposition 1 would amend the state constitution to authorize the state legislature to reduce the property tax limit for school maintenance and operations taxes imposed on the homesteads of disabled residents or those over the age of 65.
The amount paid to public schools is typically the largest obligation on a property tax bill. The state would make up the difference and, according to the Legislative Budget Board, the reduction of those property taxes is estimated to cost $744 million from 2024 to 2026.
The annual savings for the estimated 2 million exemption holders would be $109 in 2024 and $124 in 2025, though actual savings will vary due to actual property value.
TEXAS STATE PROPOSITION 2
In passed, Proposition 2 would raise the homestead exemption from $25,000 to $40,000 for school district property taxes. According to calculations released by the state, the amendment is expected to save 5.67 million homeowners about $175 annually.
“If passed, both of these propositions will cut independent school district property tax bills by increasing homeowner exemptions that will save money for all 5.67 million homesteads in the State of Texas,” stated State Sen. Bettencourt. “All homeowners with homesteads…
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