On the ballot you'll see Proposition 1. This proposition will permanently lower the cost of homeownership in Texas by increasing the homestead exemption for most homeowners from $15,000 to $25,000. For retired or disabled individuals, the exemption would be raised from $25,000 to $35,000. This will equate to an average savings of $125/year for the average homeowner. This proposition will also permanently ban real estate transfer taxes.
With another 5% increase in the price of homes in Austin this September, tax breaks are needed! Vote Yes to prop 1 on your ballot!
Posted on 11/02/2015 at 07:54 AM
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