It is going to eliminate what people are paying who have a homestead and what they're paying for school district property taxes. That's hundreds to thousands of dollars a year in savings. Savings right there. In addition to that, By reducing the appraisal from 10% to 3%, again, a huge savings in that. And then also the reality, and that is when we have a two thirds vote requirement before a property tax increase can go into effect, that alone is going to be reducing, if not eliminating any future property tax increases. (13:25–13:32)
CLAIM
Asserts that reducing the appraisal cap from 10% to 3% will result in significant savings.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
