Nov 02
What is Proposition 1? Vote!!
Austin Custom Homes,
Homestead Exemption,
Proposition 1,
Custom Homes of Austin,
Rock the Vote,
Austin Real Estate Tax,
Real Estate Transfer Tax,
Vote
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
