Proposing a constitutional amendment authorizing the legislature to exempt a portion of the assessed value of the residence homesteads of certain military servicemembers who have served in a hostile fire or imminent danger pay zone or a combat zone.
Impact
The implementation of HJR92 would require adjustments to the property tax code in Texas. It would necessitate the development of formulas to determine the value of the exemption based on the period of military service. Additionally, the resolution maintains provisions for local governments, allowing them to continue collecting previously pledged taxes related to existing debts, ensuring that public financing remains secure. Furthermore, it stipulates protective measures for school districts to mitigate revenue loss due to the implementation of the tax exemption.
Summary
HJR92 is a proposed constitutional amendment aimed at providing property tax relief specifically for certain military servicemembers who have served in designated hostile fire or combat zones. If passed, the resolution would authorize the Texas legislature to exempt a portion of the assessed value of residence homesteads belonging to these servicemembers from ad valorem taxation. This exemption is intended to offer financial assistance to veterans who have been exposed to significant risks during their service, recognizing their contributions to national security.
Contention
There may be varying opinions regarding HJR92, particularly surrounding the potential impact on local government revenue and equitable treatment of all veterans. While many may support tax relief for servicemembers as a form of recognition and gratitude, others may express concerns about the long-term fiscal implications for local jurisdictions. The debate could also include discussions on whether this exemption adequately addresses the needs of all veterans or if additional measures should be considered to enhance benefits for other segments of the veteran community.
Enabled by
Relating to an exemption from ad valorem taxation of a portion of the appraised value of the residence homesteads of certain military servicemembers who have served in a hostile fire or imminent danger pay zone or a combat zone.
Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation by a political subdivision other than a school district of a portion of the assessed value of a residence homestead based on the average assessed value in the preceding tax year of all qualified residence homesteads that are located in the same county as the homestead.
Proposing a constitutional amendment authorizing the legislature to increase the amount of the exemption from ad valorem taxation by a school district of the market value of the residence homestead of a person who is elderly or disabled.
Proposing a constitutional amendment to exempt from ad valorem taxation a portion of the market value of the residence homesteads of certain elderly persons and their surviving spouses.
Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation of all or part of the market value of the residence homestead of the surviving spouse of a military service member who is killed or fatally injured in the line of duty.
Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation of all or part of the market value of the residence homestead of the surviving spouse of a military service member who is killed or fatally injured in the line of duty.
Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation of all or part of the market value of the residence homestead of the surviving spouse of a military service member who is killed or fatally injured in the line of duty.
Proposing a constitutional amendment to provide for an exemption from ad valorem taxation by certain political subdivisions of a portion of the market value of the residence homestead of the parent or guardian of a person who is disabled and who resides with the parent or guardian.
Proposing a constitutional amendment authorizing the governing body of a political subdivision other than a school district to adopt an exemption from ad valorem taxation of a portion, expressed as a dollar amount, of the market value of an individual's residence homestead.
Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation by a political subdivision located wholly or partly in a populous county of a specified dollar amount, or a greater dollar amount specified by the governing body of the political subdivision, of the assessed value of a residence homestead.
Proposing a constitutional amendment authorizing the governing body of a political subdivision to adopt an exemption from ad valorem taxation of a portion, expressed as a dollar amount, of the market value of an individual's residence homestead.