KVUE Political Director Ashley Goudeau is breaking down the 14 propositions on Texas ballots this November. Proposition 4 handles property taxes.
Nov. 7 electionThe first part was the temporary limit on appraisal values of non-homestead properties. Now that the plan has passed, for three years, the taxable value of all property that is not someone's place of residence can't increase by 20% as long as the property is valued at $5 million or less.
The third part was related to seniors and the disabled, ensuring that they will benefit from the tax cut. In May 2022, voters approved a tax cut for the elderly and disabled, but some people didn't receive any savings because of how the law was written. This part of the approved plan will correct that error and make sure seniors benefit from the increased homestead exemption.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Voters to decide fate of proposition that would bring $1 billion to Texas water systemsProposition 6 focuses on the state’s water supply. If approved by voters, it create the Texas Water Fund.
Read more »
Proposition 1 would enshrine the 'right to farm' in Texas's constitutionExpect temps in the 80s for the next couple of days before rain sweeps through North Texas
Read more »
Texas voters to decide the fate of Proposition 6 for securing future water suppliesVoters in Texas will decide on Election Day, if the state can go forward with creating the Texas Water Fund. Proponents of Proposition 6, feel this is the right
Read more »
Proposition 7 would provide billions in incentives for new power plants in TexasSupporters say the creation of the energy fund will bolster the Texas grid. Opponents say it's an unnecessary giveaway to power companies and the gas industry.
Read more »
Texas constitutional amendment Proposition 7 election resultsVoters will decide Proposition 7 on Tuesday. The $10 billion proposed amendment to the Texas Constitution would create a taxpayer-funded, low interest loan...
Read more »
Letters to the Editor — Texas Rangers, column on childhood, Dallas mayor, Texas politicsLetters to the Editor
Read more »