Proposition 2 Texas 2025. The associated press projected texas proposition 2, which stems from s.j.r. The proposition establishes a property tax exemption based on.
Following debate from texas lawmakers on how to best spend an unprecedented $32.7 billion budget surplus, gov. Texas proposition 2 was on the ballot as a legislatively referred constitutional amendment in texas on november 8, 2005.
Proposing A Constitutional Amendment To Authorize The Legislature To Establish A Temporary Limit On The Maximum Appraised Value Of Real Property Other Than A Residence.
Proposition 2, if passed, would let counties borrow against a future increase in tax revenue in a specific area to pay for transportation projects or other infrastructure.
What Did Proposition 2 Change About Homestead Exemptions?
The second statewide proposition would raise the homestead exemption for school property taxes from $25,000 to $40,000.
Proposition 2 Texas 2025 Images References :
Election Results And Race Calls Are From The Associated Press.
The measure could save the average homeowner about $175 on their annual property tax.
The Vote Was 49,681 (39.2%) To 77,066 (60.8%).
Proposing a constitutional amendment to authorize the legislature to establish a temporary limit on the maximum appraised value of real property other than a residence.
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