Texas House Bill HJR15

Texas 2023 - 88th 2nd C.S.

• Filed: 7/11/23

Caption

Proposing a constitutional amendment to exempt from ad valorem taxation the total market value of the residence homesteads of certain elderly persons and their surviving spouses.

Impact

If passed, HJR15 would amend Section 1-b, Article VIII of the Texas Constitution. The amendment would enable qualifying elderly residents and surviving spouses to benefit from a complete exemption from ad valorem taxes on their primary residences. This change is anticipated to have significant implications for property tax revenues across Texas, particularly affecting local governmental budgets that rely on property taxes to fund essential services. The legislature is tasked with implementing measures to mitigate revenue loss for school districts or other political subdivisions due to these exemptions.

Summary

HJR15 is a joint resolution proposing a constitutional amendment in Texas that seeks to exempt the total market value of residence homesteads from ad valorem taxation for certain elderly individuals and their surviving spouses. Specifically, this measure targets individuals who are 72 years or older and have received a homestead exemption for at least the previous decade. The resolution seeks to provide financial relief to long-standing residents, particularly in light of the rising costs associated with homeownership and property taxes.

Sentiment

Discussions surrounding HJR15 suggest a generally positive sentiment among supporters, who argue that the bill will provide much-needed relief for elderly residents facing financial burdens from property taxes. Proponents assert it is a fundamental support mechanism for aging populations, allowing them to maintain their homes without the fear of escalating taxes. However, there are concerns raised by opponents regarding the potential revenue implications on local governments and schools, which could lead to funding shortfalls for key services.

Contention

Notable points of contention include debates over the fairness of property tax exemptions granted exclusively to seniors and their surviving spouses, as well as the constitutional implications of such an amendment. Critics might argue that the exemption could set a precedent for similar measures that disproportionately benefit specific demographics while potentially neglecting the needs of younger taxpayers. There is also apprehension about how local governments will adjust to these changes, particularly in terms of continuing to meet the financial obligations they have with existing debts pledged to property tax revenues.