Overview
- Proposition 13 would lift the school-district homestead exemption from $100,000 to $140,000 this year, affecting about 5.7 million homeowners and saving the average owner nearly $500, according to CBS Texas.
- Proposition 11 would raise the school homestead exemption for people 65 and older and for disabled homeowners; if paired with Proposition 13, total exemption for these groups would reach $200,000 this year, according to CBS Texas, though the ballot text specifies an increase from $10,000 to $60,000.
- Proposition 9 would allow an exemption of up to $125,000 for income-producing personal property such as business equipment and inventory starting next year, with reporting differing on the current threshold.
- Several amendments would constitutionally prohibit new state taxes on capital gains, securities transactions, and inheritance, and one would direct up to $1 billion per year in sales tax revenue to a Texas Water Fund.
- Supporters say the state would cover school revenue lost from larger exemptions, permanently shifting more of the K–12 funding burden from local property taxes to statewide sources as voting continues through late October ahead of the Nov. 4 election.