Two constitutional amendments on the ballot for May 7 are aimed at reducing the impact of property taxes assessed on the elderly and disabled.
In its second special session, the 87th Legislature proposed a constitutional amendment (Proposition 1) authorizing the Legislature to reduce a limitation on the total amount of property taxes that may be imposed for general elementary and secondary public school purposes on the residence homestead of a person who is elderly or disabled.
Its implementation would reflect any statutory reduction in the maximum compressed rate of the maintenance and operations taxes imposed for those purposes on the person’s homestead from the preceding tax year.
In its third special session, the Legislature proposed a constitutional amendment increasing the amount of the residence homestead exemption from property taxes for public school purposes from $25,000 to $40,000.
Texans will have the opportunity to approve the two amendments with a majority vote.