There will be a statewide election on November 3, 2009 to pass much needed appraisal reform into law. The Texas Association of REALTORS along with others have been fighting hard to help homeowners by seeking reform to reign in various unfair property tax appraisal methods.
The following propositions are on the ballot:
Proposition 2 - Ensures that a residential property is appraised as a residential property, not a hypothetical value based on "highest and best use".
Proposition 3 - Allows the state to have oversight of central appraisal districts and enforce uniform appraisals standards across the state.
Proposition 5 - Allows two or more adjoining appraisal districts to have a combined appraisal review board to ensure qualified and knowledgeable board members.
All propositions on the November 3 Ballot require a majority vote to amend the Texas Constitution.
Remember, VOTE YES! 2 + 3 = 5
October 19, 2009 - First Day of Early Voting
October 30, 2009 - Last Day of Early Voting
November 3, 2009 - Election Day
For more information about real estate trends in the Dallas/Fort Worth area visit http://www.bwhometeam.com/ .
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