81R2376 SMH-D
By: Riddle H.J.R. No. 15
A JOINT RESOLUTION
proposing a constitutional amendment authorizing the legislature
to provide for a local option election in a county to set a limit on
the maximum appraised value of a residence homestead for ad valorem
tax purposes of less than 110 percent but not less than 103 percent
of the appraised value of the property for the preceding tax year.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1, Article VIII, Texas Constitution, is
amended by adding Subsection (j) to read as follows:
(j) Notwithstanding Subsections (a), (b), and (i) of this
section, the Legislature by general law may authorize the
commissioners court of a county to call an election in the county to
permit the voters of the county to determine by majority vote
whether to establish for purposes of ad valorem taxation by each
political subdivision in the county a percentage limitation on the
maximum appraised value of a residence homestead in the political
subdivision of less than 110 percent but not less than 103 percent
of the appraised value of the property for the preceding tax year.
The ballot proposition shall specify the proposed percentage
limitation on maximum appraised value. A limitation on maximum
appraised value established under this subsection takes effect as
to a residence homestead on the later of January 1 of the tax year
following the year in which the election is held or January 1 of the
tax year following the first tax year the owner qualifies the
property for an exemption under Section 1-b of this article. As to
a residence homestead, the limitation expires on January 1 of the
first tax year that neither the owner of the property when the
limitation took effect nor the owner's spouse or surviving spouse
qualifies for an exemption under Section 1-b of this article. If
the voters of a county establish a limitation on maximum appraised
value under this subsection, the limitation remains in effect until
the tax year following a year in which the limitation is amended or
repealed by the voters of the county at a subsequent election called
by the commissioners court of the county. The Legislature by
general law may provide for the effect of the adoption of a
limitation on maximum appraised value under this subsection on a
political subdivision with boundaries extending outside the
county.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 3, 2009.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment authorizing the
legislature to provide for a local option election in a county to
set a limit on the maximum appraised value of a residence homestead
for ad valorem tax purposes of less than 110 percent but not less
than 103 percent of the appraised value of the property for the
preceding tax year."