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November 3 — Constitutional Amendments


I have received a few copies of an email message opposing two of the three real estate-related Propositions that will be on the November 3 ballot in Texas.  There is a misunderstanding of the intent of Propositions 2 and 3 in particular.  The Texas Association of Realtors has no interest and nothing to be gained by increasing the tax burden of homeownership.  Unfortunately, this email campaign is aimed at spreading exactly that misinformation.  Here is an excerpt from the TAR website (www.TexasRealtors.com):

“An e-mail misinformation campaign has been circulating that makes false statements about Propositions 2 and 3. The e-mail claims that passing these propositions will allow the state to start taxing homeowners. That is complete fiction.

“Here are brief explanations of what these amendments will actually do:

  • Proposition 2 will require county appraisal districts to value a home as a home. Currently, appraisal districts can use the “best and highest use” method to value a residence based on its potential use. For example, a residence in a neighborhood zoned for mixed use could be appraised at a higher amount for its possible use as a commercial property.
  • Proposition 3 gives the state the ability to make sure appraisal methods are consistent throughout the 254 Texas counties.
  • Proposition 5 will make it acceptable for two adjoining appraisal districts to combine their boards of equalization if they wish—an option that rural counties may find attractive.

“Don’t let this misinformation campaign hurt the chances of passing these important amendments.”

For a more complete explanation, refer to this link:  http://www.texasrealestate.com/web/3/34/index.cfm

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About Bill Morris, Realtor

More than thirty years of business experience (high tech, client service, business organization and start-up, including many years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs: -- Seller Representation is a comprehensive process that begins with thorough market analysis and consultation, continues with properly staging the home to achieve the highest price possible in a reasonable time on market, a complete program of marketing and promotion, ongoing updates and communication, closing coordination, and follow-up throughout (and after) the sale. -- Buyer Representation is also full service: shopping, previewing, price and market consultation, contracting, negotiating, coordination of inspections, appraisals, repairs, and closing details, and follow-up beyond the closing of your purchase to ensure your lasting satisfaction. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers.

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