Texas House Bill HJR11

Texas 2009 - 81st Regular

• Filed: 11/10/08

Caption

Proposing a constitutional amendment increasing the amount of the residence homestead exemption from ad valorem taxation for public school purposes to $45,000 and providing for a reduction of the limitation on the total amount of taxes that may be imposed for those purposes on the homesteads of the elderly or disabled to reflect the increased exemption amount.

Impact

This constitutional amendment would significantly affect state taxation policies, specifically property taxes levied for educational purposes. By raising the exemption, HJR11 would reduce the taxable value of homesteads, thereby lowering the tax burden on homeowners. For the elderly and disabled, the amendment includes provisions to ensure tax rates remain stable over time, particularly in the event of the homeowner's death, protecting surviving spouses who meet certain age criteria from tax increases.

Summary

HJR11 proposes a constitutional amendment aimed at increasing the residence homestead exemption from ad valorem taxation for public school purposes from $15,000 to $45,000. This amendment, if passed, would provide significant relief for homeowners by reducing the property taxes they owe for the support of public schools. The bill also aims to adjust the limitations placed on taxes imposed on the homes of elderly or disabled individuals to align with the increased exemption amount, ensuring that these groups receive comparable benefits.

Contention

While proponents argue that HJR11 will ease the financial burden on homeowners and ensure fair taxation for vulnerable populations, opposition may arise regarding the impact on school funding. Critics could express concern that reducing tax revenue generated from property taxes might lead to funding shortages for public schools, potentially affecting the quality of education. Furthermore, some lawmakers may debate the equity of expanding exemptions, arguing that it favors particular demographics over others.

Notable points

HJR11 not only addresses the homestead exemption threshold but also considers the implications for local government revenues, encouraging a balance between providing financial relief to residents and maintaining adequate funding for public schools. The effective date set for the amendment and the details for its implementation, such as how to mitigate the revenue loss for school districts, are crucial components that will likely be scrutinized during the legislative process.