The Dallas Morning News recommends in the 2023 election for Proposition 4, which would increase the state's homestead exemption from $40,000 to $100,000 for...
unprecedented increases in the value of their homesThat’s why it’s important to vote in favor of Proposition 4 to increase the homestead exemption on school property taxes from a maximum of $40,000 to $100,000. The proposition also targets tax relief to seniors and the disabled, who are especially vulnerable to increases in property values because they are often on fixed incomes.School district taxes make up the bulk of most people’s property tax bill.
Not everything in this proposition is worthy of praise. It creates elected positions on appraisal boards in counties with more than 75,000 residents. That’s a recipe for politicizing an already fraught process.But the main element here is the homestead exemption increase. Texas needs that or we stand to lose our claim to being a low-tax state.. Dallas Morning News editorials are written by the paper's Editorial Board and serve as the voice and view of the paper.
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