What Is Proposition 1?
Proposition 1 empowers you to vote to cut your property taxes and protect your home from additional taxes. On November 3, voters will vote on Prop 1 and decide whether to amend the Texas Constitution to increase the homestead exemption by $10,000 (bringing the total exemption up to $25,000) and ban real estate transfer taxes – or taxes on home sales – permanently.
Prop 1 helps make home ownership more affordable for seniors, people with disabilities, and low-income families. On November 3rd, support more savings for Texas homeowners by voting YES on Proposition 1 -the Homeowner Tax Relief Proposition!
What Specifically Will Prop 1 Do?
Prop 1 will save you money by increasing your homestead exemption from $15,000 to $25,000. This is great news for Texas homeowners because it lets you keep more of your hard-earned money.
Prop 1 also helps seniors and people with disabilities by giving them much-needed tax relief, and providing them a lower property tax cap, which helps keep their property tax burden low.
Prop 1 will also constitutionally ban real estate transfer taxes, which target home sales as another taxing source. This means that Texans won’t ever be double-taxed on their property.
Make sure to vote YES on Prop 1 on Nov. 3rd!