Texas Voters

Dated: October 26 2015

Views: 1926

Texas Voters-Get involved!  9 more days.  Vote "for" these two propositions.

Proposition 1.   This will increase homestead exemption for school districts from $15,000 to $25,000.  Homeowners in Canutillo ISD will save an estimated $153.00, YISD-$136.00,Socorro ISD-127.00.  We know in due time the appraisal district will offset these gains but at least it will be a reduction for the near future.  The state will cover any losses that the school districts lose.  So they say.

                              There is another provision within proposition 1 and more important.  This amendment will prevent state and local governments from ever collecting a sales tax (transfer tax) on real estate transactions.  And we know how governments are always broke. 


Proposition 7.  All this amendment will do is to divert more money into our highway infrastructure .  We all know how our roads and bridges need repair, not to mention how our roads are congested as well.

Blog author image

David McKay

I have been with Exit West Realty since 2010 and prior to that have had 14 years of sales experience. I have a BBA and an MBA from the University of Texas at El Paso and have lived in El Paso all my l....

Latest Blog Posts

Tax Season Is Right Around The Corner Did You Sell A Home This Last Year

5 Sweet Tax Deductions When Selling a Home: Did You Take Them All?By Margaret Heidenry | Feb 19, 2021 Feverpitched / Getty ImagesYou may be wondering if there are tax deductions when

Read More

Can I Buy Or Sell A Home Without A Real Estate Agent

Today’s real estate market is one of the fastest-moving in recent memory. With record-low inventory in many market segments, we’re seeing multiple offers—and sometimes even bidding wars

Read More

Will The Housing Market Bloom This Spring

Will the Housing Market Bloom This Spring?Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it’s certain to be very

Read More