Proposition 3 will lower taxes for homeowners

Texas HB 438 and HJR 40 have passed, leading to Proposition 3 on the Nov. 6 ballot, which aims to limit property tax increases to no more than 10 percent per year, regardless of the last appraisal date. This change could significantly reduce tax bills, as illustrated by a personal example showing potential savings of $1,735 over four years. While the Texas Legislature has made strides in reducing school property tax rates, further reforms are needed. Residents are encouraged to review their tax bills and consider voting for Proposition 3 for tax relief.