Texas homeowners have the opportunity to lower their property taxes and increase school funding in the upcoming election. Proposition 4 is a constitutional amendment that would increase the homestead exemption from $40,000 to $100,000, authorize the state legislature to limit the annual appraisal increase on non-homestead real property, exclude appropriations made to increase state education funding from the state appropriations limit, and allow the state to provide additional funding for public schools based on student need.
If Proposition 4 passes, Texas homeowners would save an average of $1,250 to $1,450 per year on their property taxes. The amendment would also provide billions of dollars in additional funding for public schools, which would help to improve the quality of education for all Texas students.
Here are some of the key benefits of Proposition 4:
- Lower property taxes for homeowners
- Increased funding for public schools
- Reduced reliance on local property taxes to fund schools
- More equitable funding for schools based on student need
Proposition 4 is a win-win for Texas homeowners and students. It provides much-needed relief from high property taxes and invests in the future of our state by improving the quality of education for all Texas students.
Call to action:
Vote Yes on Proposition 4 in the upcoming election to lower your property taxes and support public schools! https://ballotpedia.org/Texas_Proposition_4,_Property_Tax_Changes_and_State_Education_Funding_Amendment_(2023)#:~:text=Texas%20Proposition%204%2C%20the%20Property,the%20state%20appropriations%20limit%3B%20andPosted by Roxanne DeBerry on