Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of property for ad valorem tax purposes in a tax year if in the preceding tax year the owner of the property disputed the appraisal of the property and the appraised value was lowered as a result.
If enacted, HJR30 would amend the Texas Constitution by adding a provision that allows the legislature to cap the increase in property appraisals to 105% or more of the prior year's appraisal under specific conditions. This trigger mechanism is directly tied to the actions of property owners who file disputes regarding their property's valuation, thus potentially leading to more favorable tax assessments for those who choose to challenge their property appraisals.
HJR30 proposes a constitutional amendment that empowers the Texas legislature to establish a maximum limit on the appraised value of property for ad valorem tax purposes. This limitation can be applied in a tax year when the property owner has previously disputed the appraisal and subsequently received a reduced appraisal value. The aim of this bill is to provide financial relief to property owners who successfully challenge their property's appraised value.
Notable points of contention surrounding HJR30 could involve discussions on the implications for local tax revenues and concerns about the potential for reduced funding for public services, which typically rely on property taxes. Additionally, opponents may argue that the amendment could lead to inequities, where some property owners might benefit from reduced taxes, potentially shifting the tax burden to those who do not dispute their appraisals or who may lack the resources to do so.