Friday, May 27, 2022

Lower property taxes, higher homestead exemption to be on May ballot

In addition to deciding many local municipal and school board elections, when local voters head to the polls on May 7, there will be two statewide propositions related to lowering some property taxes and raising the state homestead exemption.

The first proposition would draw down property taxes for elderly and disabled Texans by reducing the amount they pay to public schools, which typically makes up most of a homeowner’s tax bill. The state would then cover that reduced revenue for school districts, which would cost the state more than $744 million from 2024 to 2026.

Click here for more information about local elections.

 

Part of this story originally appeared in The Texas Tribune at https://www.texastribune.org/2022/02/16/texas-school-property-tax-school-election/

Mark Smith
Mark Smith is the Digital Editor of The Cross Timbers Gazette.

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