🪖 Veteran spouse tax exemptions:Proposition 7 would allow the state to provide property tax exemptions to the spouses of military veterans whose death is connected to their service. An estimated 3,000 spouses who have not remarried could qualify for the exemption.
🔥 Property tax relief after fire:Proposition 10 would create a temporary property tax exemption on homes that were destroyed by a fire.
✏️ Elderly tax exemption:Proposition 11 would increase the school district homestead exemption from $10,000 to $60,000 for homeowners who are disabled or 65 and older.
🏫 School tax exemption:Proposition 13 would increase the school district homestead exemption for all homeowners from $100,000 to $140,000. The state would have to offset the revenue loss for public schools, estimated to cost about $1.3 billion in 2026.
A typical Texan would have saved about $490 on their property tax bill last year under the proposal, according to the Texas Tribune.
🇲🇽 Border security tax exemption:Proposition 17 would exempt the homeowners living in counties along the Mexican border from paying increased property taxes on raised property values due to new border security infrastructure built on the property.
