TREPAC Accomplishments

2025

Homestead Exemption Increase Raised to $140,000 for most homeowners and $200,000 for those over 65 or disabled.

End of Subagency boosted consumer confidence and added transparency in real estate transactions by ending subagency and requiring a written agreement before showings or offers.

Stronger Trespass Protections Helps property managers maintain security with notice requirements, and more substantial trespass penalties.

2023

Historic Property Tax Reform provided an $18 billion property tax relief package including a $100,000 homestead exemption, $12 billion to bring down local school tax rates, and a pilot program to impact appraised values targeted toward rental housing and small businesses.

Private Property Rights - Right to Farm prohibited municipalities from enforcing overreaching regulation on property owners and reduces municipal limitations on agricultural activity that property owners may conduct on their land.

2021

Real Estate Deeds reform provided a simple option for property owners to remove unconstitutional covenants from their real estate deeds through their county clerk’s office.

Condo Association Transparency required condo associations to make books and records open for owners or their representatives.

2019

School Finance Reform updated state’s public school finance and property tax systems to lessen the burden on local taxpayers while increasing the state’s investment.

Property Tax Reform gave taxpayers more information about how tax rates are set and to engage in the rate-setting process. Changed the rollback rate for most cities and counties from 8% to 3.5%, requiring voter approval to exceed the rollback rate.

2017

Home Equity Modernization reduced maximum home equity loan fees, allowed for home equity loans on some residential properties with agricultural classifications, and provided a method for some home equity loans to be refinanced into non-home equity loans.

Accommodations in Property Appraisal Value Disputes allowed for property owners to participate in property valuation disputes via phone instead of in person.

Real Estate Transactions reform provided buyers with a disclosure when they were engaged in a wholesale real estate transaction.

2015

Passed a constitutional amendment to ban any tax on real estate transfers and increase the homestead exemption to $25,000 in one motion.

Repealed a $300 fee that double-taxed brokers for their two year license

2013

Helped enact critical consumer-protection laws in the property-tax lending industry

2011

Passed a measure eliminating most future private transfer fees on real estate transactions

Passed numerous HOA-reform bills that increase homeowners’ rights and promote more efficient, transparent and effective HOA management

2009

Defeated multiple proposals to tax real estate, including several bills requiring the creation of a tax on every deed recorded by the county clerk

2007

Prevented a property tax from being imposed on personal vehicles also used in the production of income

2003

Defeated a proposal which would have created a 1% real estate transfer tax on the sale or lease of all real property

2001

Killed legislation that would have levied an 8% sales tax on the sale of all real property—commercial, residential, farm and ranch, industrial, raw land—all of it.