Texas House Bill HJR6

Texas 2009 - 81st Regular

Caption

Proposing a constitutional amendment authorizing the legislature to exempt a portion of the assessed value of the residence homestead of an elderly person from ad valorem taxation by a fresh water supply district.

Impact

The passage of HJR6 would significantly influence state laws regarding property taxation and the rights of local governing bodies. By enabling the exemption, the measure aims to enhance the affordability of housing for elderly residents. The legislation may prompt fresh water supply districts, which rely on ad valorem taxes for their funding, to adapt their financial strategies in light of potential decreases in tax revenue. Furthermore, this change could set a precedent for future exemptions and adjustments to the tax code concerning elder care and affordability in housing.

Summary

HJR6 is a joint resolution proposing a constitutional amendment that would authorize the Texas legislature to provide an exemption from ad valorem taxation for a portion of the assessed value of the residence homestead of individuals aged 65 or older. Specifically, the bill seeks to exempt up to $100,000 of the assessed value from taxation imposed by a fresh water supply district. The inclusion of a tax exemption represents an effort to reduce the financial burden on elderly homeowners, facilitating affordable living conditions for this demographic. This proposal intends to alleviate some of the financial pressures related to property taxes, particularly in light of increasing rates over time.

Contention

While the bill primarily advocates for the financial relief of the elderly, potential points of contention revolve around the implications for local funding and service provision. Critics may argue that exempting substantial property values from taxation could undermine the financial stability of fresh water supply districts, impacting their ability to fund necessary services. There may also be broader implications for equitable taxation and resource distribution. Proponents of the bill will need to address concerns regarding its sustainability and ensure that both the needs of elderly homeowners and the functional capacities of essential public services are balanced adequately.