Texas election: These 2 propositions could save Texas homeowners big bucks every year

HOUSTON — Texans could soon see some of the biggest property tax breaks in state history — but only if voters say "yes" to a couple of propositions on the ballot.

Supporters say the proposed constitutional amendments — Props 11 and 13 — would deliver real savings for millions of homeowners across the state.

What Proposition 13 would do

Prop 13 would raise the homestead exemption — the portion of a home’s value that can’t be taxed — from $100,000 to $140,000 for all Texas homeowners.

State Senator Paul Bettencourt of Houston, who authored the legislation, said the change translates into significant yearly savings for homeowners.

“That’s going to save you about $484 a year, for as long as you own the home,” Bettencourt estimates.

What Proposition 11 would do

Prop 11 targets additio