Homestead exemption meant that peoples’ homes would not be taxed at a full charge although some of their households could be tax-free. In Texas, the current family exemption is $15,000, meaning that if one’s home tax is valued at $100, 000, they would only pay taxes of $85,000 (Texansforprop1.com). Proposition 1 would extend that exemption, meaning that one would even pay less tax than their actual house value. Proposition 1 achieved four things. First, it ensured that property tax was decreased by increasing the homestead exemption from $15,000 to $25,000. Second, it ensured that ...
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