NOV. 3 ELECTION
Election Day issue
Friday, October 23, 2009
Texans go to the polls Nov. 3 to vote on 11 proposed state constitutional amendments. Each day through Nov. 1, we'll take a closer look at one ballot proposition.
Prop. 2
Proposition 2 requires taxation of a residential homestead to be based only on its value as a homestead, regardless of the property's highest and best use.
Supporters say: Protects homeowners from big tax increases if they live in neighborhoods transitioning from residential to commercial use.
Opponents say: Arbitrarily moves appraisals away from a true market valuation of property.
— Source: House Research Organization
For more information on all the proposed amendments, visit statesman.com/virtualcapitol and click on the link under 'Nov. 2009 election.'