Constitutional Amendment Proposition #2

Prop #2 requires the property tax of a residence homestead be solely based on the property's value as a residence homestead - regardless of what it might be worth if purchased for a different use, such as an office or business.

This proposal is a response to residence homesteads being appraised based on what a person’s homestead would be worth if it were converted to commercial property. The amendment and legislation apply only to residential homesteads and not to second homes or investment properties.

Prop#2 Ballot Wording: "The constitutional amendment authorizing the legislature to provide for the ad valorem taxation of a residence homestead solely on the basis of the property's value as a residence homestead."

Supporting State Constitutional
Amendment Propositions #2, #3 & #5

Texas Taxpayers & Research Association says, "Props #2, #3 and #5 are the single largest improvement in the Texas property tax system in nearly 30 years."

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