I have received a few copies of an email message opposing two of the three real estate-related Propositions that will be on the November 3 ballot in Texas. There is a misunderstanding of the intent of Propositions 2 and 3 in particular. The Texas Association of Realtors has no interest and nothing to be gained by increasing the tax burden of homeownership. Unfortunately, this email campaign is aimed at spreading exactly that misinformation. Here is an excerpt from the TAR website (www.TexasRealtors.com):
“An e-mail misinformation campaign has been circulating that makes false statements about Propositions 2 and 3. The e-mail claims that passing these propositions will allow the state to start taxing homeowners. That is complete fiction.
“Here are brief explanations of what these amendments will actually do:
- Proposition 2 will require county appraisal districts to value a home as a home. Currently, appraisal districts can use the “best and highest use” method to value a residence based on its potential use. For example, a residence in a neighborhood zoned for mixed use could be appraised at a higher amount for its possible use as a commercial property.
- Proposition 3 gives the state the ability to make sure appraisal methods are consistent throughout the 254 Texas counties.
- Proposition 5 will make it acceptable for two adjoining appraisal districts to combine their boards of equalization if they wish—an option that rural counties may find attractive.
“Don’t let this misinformation campaign hurt the chances of passing these important amendments.”
For a more complete explanation, refer to this link: http://www.texasrealestate.com/web/3/34/index.cfm