Wednesday, February 15, 2012

Information to Disregard: Homestead Over 65 Exemption



My friend, Lisa Shaver, at Stewart Title in Conroe posted the following on Facebook:
"Subject:Homestead tax cap for 65 & older. Disregard the e-mail that keeps circulating (see below). This problem was fixed by the State Legislature back in 2007. The frozen school taxes were unfrozen so the elderly people would benefit from the school tax rate reduction and get a tax refund then the school taxes were re-frozen.

EVERYONE MUST READ THIS.... THEN VOTE IN MAY...
Please get this... info out to all your Texas contacts. Put these dates on your calendar. It may
not effect you now, but probably will effect someone you know sooner or later.
Very important for seniors and disabled. Remember to vote AND look for this on the ballot.
You must vote in May to keep the Homestead tax cap for 65 and over, even if you are not 65 yet. If you are a Texas homeowner then this is important to you. If not, it is important to your friends who are.
If you agree, please pass along to all on your email lists.
I am sending this email to everyone on my email address list who lives in Texas. I want to be sure you are aware of a constitutional amendment that will be on the ballot at the May election. It is an amendment to correct an error made by the lawmakers when they voted for a reduction in school property taxes in 2005.
When the lawmakers voted for a one-third reduction in school property taxes beginning in 2006 and to be completed this year, they forgot about the homestead exemption for senior citizens and people with disabilities.
The state constitution caps school property taxes for homeowners 65 years and older and those who are disabled.
However, they DID NOT get the same reduction when the property tax cut for schools was voted on two years ago.
So an amendment is on the May ballot to correct this error.
The problem is that most voters who are younger than 65 or not disabled probably won't even notice the amendment or care.
PLEASE get out and vote for this amendment if not for yourself, then for your parents, grandparents, aunts, uncles, and friends. We would really appreciate your getting the word out to all your friends and families to vote for this amendment.
The fear is that with a low voter turnout, the amendment could very well not pass.
So, please, please pass the word and VOTE for the constitutional amendment. Early voting will take place April 30 - May 5 from 7 am to 7 pm; May 6 from noon to 6 pm and May 7 - May 8 from
7 am to 7 pm. Election day is May 12 from 7 am to 7 pm.


Remember this is information that is to be disregarded!