Texas Ballot on Property Taxes

[Robert Pfenninger]

Howdy my fellow Texas investors. Coming at you from Waco, Texas but my question is about something that will affect Texas as a whole. So I read that Texas has put the option to remove property taxes and replace them with consumer taxes on the ballot this year. I want to know how other investors think this will affect the real estate market if it goes in to effect. I believe even more industry will immediately start flooding here and we will see rapid appreciation across the board from commercial to residential. Let me know what you think!

[Account Closed]

@Robert Pfenninger  You are talking about a proposition on the Republican Primary Ballot.  It is just to get votes it is extremely unlikely to happen.  Here is a list of all of them on the Republican ballot.

1. Texas should replace the property tax system with an appropriate consumption tax equivalent. Yes/No
2. No governmental entity should ever construct or fund construction of toll roads without voter approval. Yes/No
3. Republicans in the Texas House should select their Speaker nominee by secret ballot in a binding caucus without Democrat influence. Yes/No
4. Texas should require employers to screen new hires through the free E-Verify system to protect jobs for legal workers. Yes/No
5. Texas families should be empowered to choose from public, private, charter, or homeschool options for their children’s education, using tax credits or exemptions without government constraints or intrusion. Yes/No
6. Texas should protect the privacy and safety of women and children in spaces such as bathrooms, locker rooms, and showers in all Texas schools and government buildings. Yes/No
7. I believe abortion should be abolished in Texas. Yes/No
8. Vote fraud should be a felony in Texas to help ensure fair elections. Yes/No
9. Texas demands that Congress completely repeal Obamacare. Yes/No
10. To slow the growth of property taxes, yearly revenue increases should be capped at 4%, with increases in excess of 4% requiring voter approval. Yes/No
11. Tax dollars should not be used to fund the building of stadiums for professional or semi-professional sports teams. Yes/No

As someone who tries to bring business to Texas I can tell you most of those ideas hurt and do not help to bring business here.