By Megan Moore
Amarillo, Texas - How much you pay in property taxes could soon change with two proposed amendments to the Texas Constitution.
We will start with Proposition 2, which has to do with how your property is appraised.
It would allow the legislature to only let a residence homestead be appraised for its value as a residence, nothing more. Right now, residence homesteads can be appraised for their potential values, especially if they are in commercial zones.
Proposition 3, like 2, is also generating some conversation.
Prop. 3 will mandate how every county appraises property.
Right now, each one has its own way of doing appraisals. The Potter Randall Appraisal District says if passed, this proposition would do away with administrative and jurisdictional boundaries.
That means, for example, when doing appraisals, they may be forced to use a wider range of dates of home sales when appraising your home.
These two propositions are among eleven total on the ballot this year.
Proposition 4 deals with developing more top tier universities in Texas through a national research university fund. Some of the universities being considered for the help are Texas Tech University in Lubbock and the University of Houston.
For a complete look at all of the proposed amendments and an explanation of each, go to the links below.
Texas Secretary of State: www.sos.state.tx.us
Texas Legislature: www.legis.state.tx.us