Texas House Bill HJR41

Texas 2009 - 81st Regular

Caption

Proposing a constitutional amendment increasing the amount of the residence homestead exemption from ad valorem taxation for public school purposes to $30,000 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

If enacted, HJR41 could significantly alter the landscape of property taxation in Texas. It would affect the funding mechanisms for public schools, as the increased exemption means potential revenue loss for school districts. In response to this loss, the legislature would need to develop formulas to adequately protect school districts from experiencing severe financial impacts. The aim is to ensure that essential educational services are maintained despite the changes in tax revenue arising from the new exemption limits.

Summary

HJR41 proposes a constitutional amendment to increase the residence homestead exemption from ad valorem taxation for public school purposes to $30,000. This bill aims to alleviate the tax burden on homeowners, particularly benefiting elderly and disabled individuals. By increasing the exemption amount, the legislation is intended to provide financial relief and promote housing stability for these vulnerable populations. The amendment not only raises the exemption but also allows for a reduction in the limitation on the total property taxes that can be imposed on the homesteads of the elderly or disabled individuals to reflect this increased exemption, further ensuring that these groups are not disproportionately affected by rising property taxes.

Contention

Debate surrounding HJR41 may focus on the implications of increasing the homestead exemption on school funding. Proponents assert that providing greater tax relief for elderly and disabled residents is essential for addressing economic disparities and supporting those who often have fixed incomes. Conversely, opponents may raise concerns about how this amendment will affect the overall funding for public education, potentially leading to budget shortfalls and reliance on other, less stable revenue sources. This issue underscores the tension between tax relief initiatives and the need for sustained investment in public education.