Regardless of interest rates or the economy, DFW is growing rapidly, and this will keep our real estate market in the nation’s top-5 for the foreseeable future. Great houses that are priced well are still receiving multiple offers, and inventory is still very low.
I’ve been trying to contact my database regarding November’s election; the property tax relief bill that was passed by the Texas Legislature is up for a vote. I won’t presume to translate it, see Ballotpedia’s description:
November 7th – Election Day
A “yes” vote supports amending the state constitution to:
- increase the homestead tax exemption from $40,000 to $100,000;
- authorize the state legislature to limit the annual appraisal increase on non-homestead real property;
- exclude appropriations made to increase state education funding from the state appropriations limit; and
- authorize the state legislature to provide for four-year terms for members of the governing body of an appraisal entity in counties with a population of 75,000 or more.
Of all my phone calls, there have been 2 people who, despite being homeowners, are voting no. One of them stated it’s paving a way for a school voucher program, the other that it will take away from local school funding. I don’t have any information supporting either, but that doesn’t mean that they’re wrong. As someone who tries to act in good-faith, I ask you to do your own research. If you agree with them, or have your own reason, I’d really appreciate an explanation. Paying less in property taxes is about as universal a issue as I can imagine, although politicians love shoehorning their own projects into otherwise universally-loved ballots.
Hard to believe it’s already Halloween. The World-Famous 7th Annual John Angell Real Estate Pumpkin Carving Competition will take place shortly, expect the competition to be fierce as always.