The voters in Texas just approved a $10,000 increase in the homestead exemption.
Homeowners will see their property taxes go down until the school districts can react and raise their tax rates. They will either need to cut spending or raise their rates. Much of what the districts spend money on is mandated by feral and state rules.
The long term effect of the increase in the homestead exemption will be to shift more of the tax burden away from homeowners to people who rent their living quarters. Apartments and rental houses do not qualify for the homestead exemption.
We already exempt homeowners over the age of 64 from increases in their school taxes. Now the young people in our community who don’t have the resources or are just not ready to buy a house will end up paying more of the costs to operate our schools.
Senior citizens tend to vote more regularly than younger ones do. With their school district taxes frozen they are in a situation where voting for a tax increase costs them nothing.
We deserve better