Prop 1 in Texas - no real estate sale tax??

[Jenna Thomas]

Good morning!

Anyone know more about prop 1? It is designed to lower property taxes and prohibit sales tax on all real estate transactions.

Other provisions are include with prop 1, does anyone else know?

[Judy C.]

We are very fortunate that we live in a state that has not allowed a real estate transfer tax to be implemented.  The majority of other states do have one.  We have been fighting this since the 1950s yet it keeps being proposed by lawmakers.

Fighting against this tax has saved investors countless dollars already and voting for a constitutional ban against future transfer taxes will definitely save investors countless dollars in the future. 

This will be voted on in Texas Saturday 11/3.