Across the state, tomorrow’s ballot will include eleven propositions for amendments to the Texas state constitution. These proposed amendments must be approved by Texas voters in order to become law. It is important that we each understand the issues and process for amending our state constitution. These are important to homeowners, so please vote!
To ensure that tax appraisals in Texas are fair to property owners and uniform from county to county, the Texas Association of REALTORS urges Texans to vote FOR propositions 2, 3, and 5.
Here are brief explanations of what these amendments will actually do:
Proposition 2 will require county appraisal districts to value a home as a home. Currently, appraisal districts can use the "best and highest use" method to value a residence based on its potential use. For example, a residence in a neighborhood zoned for mixed use could be appraised at a higher amount for its possible use as a commercial property.
Proposition 3 gives the state the ability to make sure appraisal methods are consistent throughout the 254 Texas counties.
Proposition 5 will make it acceptable for two adjoining appraisal districts to combine their boards of equalization if they wish—an option that rural counties may find attractive.
For brief layman's explanation of these propositions written by an attorney from Texas Association of REALTORS, please click.
Here is an overview of all 11 proposed amendments from the Texas Legislative Council.
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