Cast your ballot, save some money
06/12/2015 | Author: Marty Kramer
How often to you get to vote to save yourself some money? Well, put November 3, 2015, on your calendar.
The election that day will include a proposition to raise the homestead exemption in Texas from $15,000 to $25,000. The higher the homestead exemption, the lower your property taxes.
It’s a no-brainer, right? It gets even better.
The same proposition also will constitutionally ban real estate transfer taxes in Texas. Right now, most states slap a tax on the sale or transfer of real estate. Texas does not. Transfer taxes can add hundreds or even thousands of dollars to a real estate transaction.
Both of these measures were championed by Texas REALTORS® during the recent Texas legislative session. Texas REALTORS® are committed to keep the costs of purchasing and owning real estate low.
This is great news for homebuyers and homeowners. But you have to do your part. Take two easy steps to make sure these tax savings will be adopted in our state: First, make sure you’re registered to vote. Second, vote for this proposition. You’ll be doing yourself a favor.
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