Hunt County: Proposition A - Tax Limitation

Approve the establishment of a tax limitation allowed by Texas Constitution Article 8, Section 1-b(h) to: 1. Create a ceiling of limitation on the Hunt County's Ad Valorem tax levy of any homestead property of a person who is disabled or sixty-five (65) years of age or older who makes application for and receives a homestead exemption; 2. allow for increases in value on such property to the extent the value is increased by improvements other than repairs and other than improvements made to comply with governmental requirements and except as may be consistent with the transfer of a tax limitation under a law authorized by this subsection; 3. allow for the continuation of this limitation after the person's death while the homestead property remains the residence homestead of that person's surviving spouse if the spouse is fifty-five (55) years of age or older at the time of the person's death; and 4. allow for the transfer by qualified homestead owners of all or a proportionate amount of the limitation to a different residence homestead within Hunt county if such transfer is provided for by the texas legislature at the time of the transfer.