Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Impact
If enacted, SJR13 would effectively modify Article VIII of the Texas Constitution, specifically addressing limitations on the appraised values of homesteads. This change would authorize the legislature to implement a cap at a percentage over the previous year's appraised value, which could help in instances where market volatility leads to significant increases in property taxes. The proposed law would thus afford greater protection for homeowners against steep tax hikes as property values fluctuate.
Summary
SJR13 proposes a constitutional amendment to allow the Texas Legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation. This legislative measure aims to adjust the appraisal process to potentially benefit homeowners by offering an avenue to limit their property tax burdens. By establishing conditions under which the maximum appraised value is determined, the bill seeks to provide consistency and predictability for taxpayers regarding their property tax liabilities.
Contention
Discussions around SJR13 are likely to focus on the implications for local government revenue, as property taxes are a primary source of funding for schools, infrastructure, and public services. Proponents of the bill argue that the measure is necessary to protect the financial well-being of homeowners, especially in heated real estate markets, while opponents may contend that it could lead to revenue shortfalls for local entities, hampering public funding for critical services. The balance between taxpayer relief and fiscal sustainability for local governments is a central point of contention.
Voting history
SJR13 is set to be submitted to voters at an election, as specified in the proposed amendment. This direct voter involvement is significant, reflecting a democratic approach to tax policy changes. Voter sentiment regarding property tax measures will likely play a crucial role in determining the bill's fate, as it aligns with broader discussions on taxation and local government authority.
Same As
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Similar
Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of a residence homestead for ad valorem tax purposes to 105 percent or more of the appraised value of the property for the preceding tax year.
Similar To
Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of a residence homestead for ad valorem tax purposes to 105 percent or more of the appraised value of the property for the preceding tax year.
Similar To
Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of a residence homestead for ad valorem tax purposes to 105 percent or more of the appraised value of the property for the preceding tax year.
Similar To
Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of a residence homestead for ad valorem tax purposes to 105 percent or more of the appraised value of the property for the preceding tax year.
Similar To
Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of a residence homestead for ad valorem tax purposes to 105 percent or more of the appraised value of the property for the preceding tax year.
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.