Summary
Texas voters approved 17 constitutional amendments, several of which affect the housing market and are expected to attract more foreign real estate investors. Key changes include tax breaks related to property and capital gains, which may make Texas a more attractive place for investors and businesses.
Key Facts
- Texas voters approved 17 constitutional amendments, impacting areas like taxes.
- Proposition 10 lowers property taxes temporarily if a home is damaged by fire.
- Proposition 11 raises the homestead exemption for elderly or disabled Texans.
- Proposition 7 offers tax breaks to spouses of deceased U.S. veterans.
- Proposition 13 increases the homestead exemption for all homeowners in Texas.
- Proposition 17 prevents property value increases near the border due to infrastructure.
- Proposition 8 bans inheritance and estate taxes in Texas.
- Proposition 2 bans taxes on profits from investments and capital assets.
