Every couple of years Texans are given an opportunity to directly affect laws in our State. The state constitutional amendments on the ballot this November the 3rd are just such an opportunity. Starting today, October 19th, we can vote to support constitutional amendments that will directly impact Texas real estate for the better.
Amendment 2 will ensure that a residence’s property value is based solely on its value as a residence rather than its “highest and best use.” This proposal comes as a direct response to residential homestead’s appraisal value being based on what the property would be worth if it were converted to a commercial property. This amendment will alleviate the undue pressure on homeowners who are currently paying taxes on what their property could be worth rather than what it is worth. (this applies only to residential homesteads and not second homes or investment properties)
Amendment 3 will create uniform-statewide standards for property appraisal procedures. Currently practices vary widely across the state. Consistency is the crucial because the state allocates funding for public schools based on the per-student total taxable property value in each district. Therefore it is extremely important that the same procedures calculate value across the state.
Amendment 5 will allow appraisal districts the ability to consolidate their review boards. Often rural counties have difficulty finding qualified members for their review boards. This amendment will especially benefit rural counties because it will allow them to pool their resources to accomplish a more accurate and efficient appraisal. This will not mandate consolidation, rather it will empower each district to pick the option that best fits its needs.
Amendment 11 addresses eminent domain and prohibits the taking of property solely for economic development or tax-revenue purposes. This amendment would strengthen the action by the 79th Legislature and provide much stronger protection of property owner’s rights.
There is a lot at stake for Texas property owners on the November 3rd ballot. I urge you to protect Texan’s property rights and vote YES on Propositions: 2,3,5 and 11. If you have any questions about these items please don’t hesitate to call or email. Thanks for your time!
