Proposing a constitutional amendment authorizing the legislature to permit the owner of a parcel of real property that is located in more than one county to elect to have the property appraised for ad valorem taxation by the appraising entity for one of those counties.
Impact
If enacted, HJR173 would amend Section 18(b), Article VIII of the Texas Constitution, impacting how property taxes are assessed and managed statewide. This change could simplify the taxation process for property owners with multi-county real estate investments, promoting a more straightforward appraisal process. The expectation is that it could enhance taxpayer satisfaction by minimizing confusion and potentially lowering property tax burdens through more efficient appraisals. However, to realize this change, the proposed amendment must gain voter approval in the November 2023 election.
Summary
HJR173 is a joint resolution proposing a constitutional amendment that allows property owners with parcels located in multiple counties to select which county's appraisal entity will appraise their property for ad valorem taxation. This amendment aims to provide property owners with greater flexibility and clarity in the taxation process, particularly for those with real estate that spans borders across counties. By allowing for a single appraisal choice within one county for properties under such conditions, the bill seeks to streamline the assessment process and potentially reduce conflicts arising from multi-county assessments.
Sentiment
The sentiment surrounding HJR173 appears to be generally supportive among those who recognize the complexities of property ownership across county lines. Advocates believe that the bill will empower property owners and create a more equitable tax system. Nonetheless, there may be some concerns related to how this amendment could affect local tax revenues and the assessment practices of appraisal districts, which could lead to debate among stakeholders regarding accountability and funding for public services.
Contention
While HJR173 primarily aims to benefit property owners, it also raises questions about the implications on local governance and funding. Critics might argue that allowing property owners to choose a county could lead to unequal tax burdens and impact the financial resources available to certain counties. The challenge will be balancing the interests of property owners with the fiscal responsibilities of local governments in maintaining fair tax systems. The debate will likely intensify as the November election approaches, requiring careful consideration of the potential consequences of the proposed constitutional amendment.
Proposing a constitutional amendment authorizing the legislature to provide for the appraisal of certain real property for ad valorem tax purposes based on its purchase price, exempting all tangible personal property in this state from ad valorem taxation, and authorizing the legislature to permit legislators to appoint members of the board of equalization for an appraisal entity.
Proposing a constitutional amendment authorizing the legislature to provide for the appraisal of certain real property for ad valorem tax purposes based on its purchase price, exempting all tangible personal property in this state from ad valorem taxation, and authorizing the legislature to permit legislators to appoint members of the board of equalization for an appraisal entity.
Proposing a constitutional amendment authorizing the legislature to provide that the appraised value of a parcel of real property for ad valorem tax purposes for the first tax year in which the owner owns the property on January 1 is the market value of the property and that, if the owner purchased the property, the purchase price of the property is considered to be the market value of the property for that tax year and to limit increases in the appraised value of the property for subsequent tax years based on the inflation rate.
Proposing a constitutional amendment to authorize the legislature to provide that if in a tax year the owner of property disputes the appraisal of the property and the appraised value is lowered as a result, the appraisal entity may not increase the appraised value of the property in the next tax year in which the property is appraised by more than a specified percentage.
Proposing a constitutional amendment authorizing the legislature to provide for the ad valorem taxation of a residence homestead solely on the basis of the property's value as a residence homestead; and authorizing the legislature to provide that ad valorem tax appraisal services in any county are under the jurisdiction of the entity specified by the legislature, to provide for the consolidation of ad valorem tax appraisal services, and to provide for enforcement of ad valorem tax standards and procedures by the specified entity.
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation the amount of the appraised value of real property that arises from the installation or construction on the property of a generator that is primarily for the production and distribution of energy for on-site use.
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation the amount of the appraised value of real property that arises from the installation or construction on the property of a generator that is primarily for the production and distribution of energy for on-site use.
Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of commercial property and rental property for ad valorem taxation.
Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of commercial property and rental property for ad valorem taxation.