How you can actually lower your taxes this November

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09/16/2015 | Author: Editorial Staff

You don’t pay a real estate transfer tax in Texas. Statewide Proposition 1 on the November 3 ballot will keep it that way. Watch the latest Texas REALTOR® Magazine Minute to learn four ways Proposition 1 benefits Texans and where to find information you can share about this important measure.

Categories: Governmental Affairs, Buyers, Sellers, Homeowners
Tags: magazine minute, proposition 1, governmental affairs, political affairs


Lane Mabray on 10/10/2015

John, it is my understanding that the state had funds left over for the schools. I don’t know who the San Antonio editorial board is or where they get their information, but it has been my experience that people who move to Texas are usually amazed that our property taxes are so high. So much for homeownership.

John Tampazopoulos on 10/10/2015

The San Antonio editorial board just published their opinion advising the voters to vote down Proposition 1.  Their logic is that schools are underfunded, need the money and that the extra property tax savings will be mere few dollars a month for homeowners.  They call the measure unnessesary and shortsighted and close by stating ” your fellow Texans who cannot afford to buy a home will thank you”.  An ultra-liberal view of the world unfortunately comes into play again from these folks in their effort to influence; I hope that the readers are smarter than that and TAR should produce a counter-viewpoint to these comments.

Tom Morgan on 09/16/2015

Thank you TAR for supporting this important initiative that will make Texas an even better place for homeowners.

Lane Mabray on 09/16/2015

This is such an important amendment for all of us who own property in Texas. Especially older residential owners. Even tho the Over 65 the rate is “frozen”, it does not freeze the appraised value. This was one of the problems for people who bought and built their homes in the Memorial area of Houston back in the ‘60s and 70s or before. When they retired the property values had so escalated that they couldn’t afford the property taxes and had to sell.

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