BULLETIN: Homestead appraisal proposition wins approval
November 03, 2009 8:49 PM
The Associated Press
AUSTIN, Texas — Constitutional amendments affecting how homes can be appraised for taxation and providing for statewide appraisal standards won the approval of Texas voters.
Proposition 2 states that a residence homestead can only be taxed on the property’s value as a residence, not at the higher commercial land use value.
Another constitutional amendment winning passage in Tuesday’s election keeps the Veterans’ Land Board from having to continually go to the Legislature to issue general obligation bonds.
Two other approved propositions allow Texas State Guard members to hold other civil offices and limit the length of terms of emergency service district board members.
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