Following Tuesday’s election, now the results are in! Proposition 1 passed! This has been made possible through a unified campaign of Texas REALTORS® across the state. You the public cast your votes and the results are unanimous! With a vote of 86% Texas Homeowners will now have homestead exemption increase from $15,000 to $25,000 reducing homeowners’ property-tax burden. With the passage of Prop 1 this also brings an end to real estate transfer taxes, which constitutionally now saves homeowners money when they buy or sell a property. This comes as great news for REALTORS® and homeowners across the state. HomeSmart RGV thanks, all who voted on Tuesday your contribution as made a difference and made homeownership more accessible for the generations to come!
Relief has Come to Valley Homeowners!
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Our agents write often to give you the latest insights on owning a home or property in the local area.