Thursday, October 15, 2009

Inaccurate Info goes Viral, would cost you money

Some folks don’t want you, the taxpayer, to get property tax relief. So they are circulating misinformation – downright lies – about the constitutional amendments on the November ballot which would help you save money – and maybe even your home.

For instance, currently, local government appraisers can set the value of your homestead on what is called “highest and best use”. That means if you live in an area where a retail establishment would generate more income to the local government, your home could be taxed at that higher value. The legislature worked to fix that, and now all we need to do is pass the constitutional amendment to allow for that “fix”.

It’s Proposition 2 on the Nov 3 ballot. A vote for this proposition would be a taxpayer protection vote.

But some emails are circulating around the Internet claiming that the taxpayer protections would result in a state-wide property tax. Not so!

The Texas Constitution states:

Sec. 1-e. ABOLITION OF AD VALOREM PROPERTY TAXES. No State ad valorem taxes shall be levied upon any property within this State.

This can be found in Article 8: Taxation and Revenue, Section 1-e: abolition of ad valorem property taxes.

http://www.statutes.legis.state.tx.us/

Don’t believe all you read on the Internet (unless it comes from us :o) and always check the source.

We propose voting FOR Props 2, 3 & 5 as taxpayer protections.

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