On November 7, 2023, Texas voters will vote on proposed amendments to the Texas Constitution. Among the proposed amendments is HJR 2, which among other things, will increase the homestead exemption for school property taxes from $40,000 to $100,000. This proposed amendment is expected to pass. If passed, HJR will be retroactive for 2023 property taxes, meaning that Texans with a residence homestead exemption will obtain this benefit for this year’s taxes.

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