Austin voters on Nov. 3, 2015 voted- and passed proposition one.
Proposition 1 is for all homeowners in the state of Texas. Voted through, Texas homeowners have an additional $10K exemption for homestead properties, raising the total exemption from $15k to $25K and ban real estate transfer taxes of your home’s sale permanently. Yeah!!!! Thanks Texans.
Seniors and those with disabilities will receive a tax cap, giving them financial relief from the increasing value of their home as Austin’s prices are still forecast to rise in value as more people move to Texas. Austin was voted [again] as Forbes #1 Fastest Growing City 2016 "Austin regains the No. 1 spot after being toppled by Houston last year. Thanks to its booming technology, pharmaceutical and biotech industries, low cost of living, and cachet, the Austin economy remains on fire. Hordes of people are moving in (Austin’s projected 3.15% population growth rate in 2016 is the highest among the 100 metro areas we examined) to take advantage of Austin’s job opportunities (employment expanded 3.28% last year). The city has topped our list of Fastest-Growing Cities for five of the past six years (last year it slipped to second place)."
Constitutionally this Proposition bans real estate transfer tax.
What about school funding? According to several articles, the funds typically paid to the Texas school systems would be lower over a 2 year period; the schools system are eligible to receive additional state aid from the Foundation School Fund.
Proposition 2 concerned authorizing exemption from ad valorum tax to all or part of the market value of the residence homestead to the surviving spouse of a 100% disabled or totally disabled veteran who died before the law authorizing a homestead exemption before such a veteran took effect.
Shapley Realty is a full service real estate company dedicated to doing business differently and setting a new standard for service in the real estate industry. The company was founded by Ray Shapley, a top-producing agent who wanted to bring a consistent, customer-centric level of service to an industry of "hit or miss" service. Shapley Realty is focused on proactive, results based service for our clients.
High Standards, Results, Great Service, Happy Clients
We are building a business in which high standards permeate all aspects of our company. Our motto — High Standards, Results, Great Service, Happy Clients — emphasizes that our vision reaches far beyond any single transaction.
Our ability to instill a clear sense of client–centric service among our team and service is contingent upon our efforts to communicate more often and more openly. Better communication equals better understanding and more trust.
Service Begins With Results
Our clients are the most important piece in our business. Therefore, we go to extraordinary lengths to deliver results, because results are why our clients hired us in the first place.
• Clients are the lifeblood of our business and we are interdependent on each other.
• Clients are the primary motivation for our work — they are not an interruption of our work.
• Clients are people who require a service from us and our primary objective is to satisfy them as best we can — they are not just another transaction.
We seek to deliver results for our clients as well as an experience that is fun, unique, comfortable and educational.
We continually experiment and innovate in order to raise our service standards.
We want to deliver a new level of service, knowledge, communication, results and respect to our clients.
We welcome you to our family! Texas Real Estate Commission Consumer Protection Notice
There was a time not long ago when the feasibility of owning a home i
"In July of this year my mother, a lifelong New Yorker, came to Texas to visit me and her grand kids. Mom decided she would like to look at some houses. I was referred to Shapley Realty in Austin and made the call. Long story short, my mother fell in love with Ray and his team and was extremely impressed with the way in which they handled my mothers first home purchase at 76! Needless to say a stressful event at any age but Ray made it easy. The Shapley team put us in touch with a great mortgage broker who obtained a pre-approval letter so my mother new exactly what she could afford! I would highly recommend Ray and his team to anyone interested in purchasing a home in the greater Austin , TX area!"