PRESIDENT’S COLUMN
September 6, 2015 IN THIS ISSUE Open House ........... Pg. 2
Leah Cox is president of the Waco Association of Realtors and is associated with Kelly, Realtors
Home Tours ........... Pg. 2 Rental Living ......... Pg. 2
An easy way to lower the cost of homeownership
Classifieds .............. Pg. 3
In Lehman’s Terms Author: Mark Lehman
Search by neighborhood, subdivision, city, zip, rentals, land, new construction, commercial ... wacotrib.com/realestate AD DEADLINE Tuesday at 5:00 p.m.
Texas property owners scored several victories during the most recent session of the Texas Legislature. The biggest of these victories is landmark legislation that could lower your property tax and prevent a tax on real estate sales— important if you ever buy or sell property. I say “could” because
the legislation approved by the Texas Legislature puts the decision to approve these historic measures in the hands of the voters. That’s right. Proposition 1 on your November 3 ballot, if passed, will lower the cost of homeownership. Proposition 1 will increase your homestead exemption by 66%, which will lower your
property tax. Proposition 1 will ban transfer taxes on real estate—a tax that already exists in 37 other states. There’s no question about it. If voters approve Proposition 1, property owners will save money—now and in the future. Is there still work to be done on property tax reform? Of course. The appraisal system needs fixing, and local
taxing entities could reduce their costs and save you money. But lawmakers have sent a message: Texas is serious about lowering the cost of homeownership. Now it’s up to you. Mark Lehman is the vice president of governmental affairs for the Texas Association of REALTORS®.
Advertise Your Home For Sale In Our Home Tours Section
Call Call 254.757.5824 254.757.5853
104 BADGER TRAIL
113 HUNGRY HILL RD
PR NEW ICE !
769 BULLHIDE TRAIL
Waco
Lorena
Eddy
NO FUNDS NEEDED!!USDA home has so much to offer with 16 x 24 workshop w electricity, recent hot water heater and HVAC, beautiful pond stocked with KOI fish, garden boxes, sprinkler system, extra hobby room and very well maintained. Much to offer. Call for showing today! $138,000
Beautiful Home and a Peaceful Setting at 769 Bullhide Trail in Lorena ISD. 2 living areas, open kitchen/ family room and gorgeous! Located on 5.2 acres with pond, 24 X 24 workshop and scenic views of the countryside. $384,900
Lovely 3 bedroom, 2 bathroom brick home located on 3.88 acres, shaded yard and pecan trees. Updated kitchen.
Linda McDonald
Camille Johnson
Coldwell Banker Jim Stewart, Realtors
Coldwell Banker Jim Stewart, Realtors
254.855.1717
Lone Pine Real Estate
254.749.5704 or 254.749.5984
254.744.3858
TO OP DA EN Y1 -3
Ready to Sell? Advertise here!
BEAUTIFUL ACREAGE DA OP YS EN AW 7 EE K
5405 TRACY DRIVE
Waco Great 3/2/1 in China Spring ISD, 2,133 square feet. Open kitchen/family area, great for entertaining. Open dining room area,vaulted ceilings, and great closet and storage spaces throughout. Master bedroom suite has dual vanities along with a huge walk-in closet. Large new storage shed/workshop in oversized backyard with a privacy fence and mature trees.
Cindy Gough
254.744.1355
McLennan County
Land Tracts from 5 to 30 A Acres Each! Example: 5 Acres as low as $49,500. $995 down and only $355 a month! Example: 18 Acres as low as $99,000. $995 down and only $635 a month! Trees, ponds, views and special discounts for Texas Vet Financing. Located 20 minutes from Waco. Call today for your private showing.
Blue Cut Ranch
254.776.7000 or
254.709.9908