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File image of cash. (FOX Local)
Texas voters appear to be on track to pass Proposition 13, which would increase the homestead tax exemption for school districts.
SJR 2 would increase the tax exemption from $100,000 to $140,000. This would lower the overall tax bill for homeowners.
Ballot language: “The constitutional amendment to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district from $100,000 to $140,000.”
The Source: Information in this story came from Texas Legislature Online.