82R10995 TJB-D
By: Madden H.J.R. No. 108
A JOINT RESOLUTION
proposing a constitutional amendment authorizing the legislature
to provide for a limitation on the appraised value for ad valorem
tax purposes of certain residence homesteads of certain veterans.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1, Article VIII, Texas Constitution, is
amended by adding Subsection (k) to read as follows:
(k) Notwithstanding Subsections (a), (b), and (i) of this
section, the Legislature by general law may limit the maximum
appraised value of a residence homestead for ad valorem tax
purposes in a tax year if the homestead is owned by a veteran of the
armed services of the United States and was donated to or renovated
for the veteran at no charge to the veteran. A limitation on
appraised value authorized by this subsection must be the lesser of
the most recent market value of the homestead as determined by the
appraisal entity or, for a homestead donated to a veteran, the sum
of the appraised value of the land and $150,000. For a homestead
renovated at no charge to a veteran, the limitation on appraised
value authorized by this subsection must be the lesser of the most
recent market value of the homestead as determined by the appraisal
entity or the appraised value of the property for the tax year
preceding the renovation. A limitation on appraised value
authorized by this subsection takes effect as to a residence
homestead on the later of the effective date of the law imposing the
limitation or January 1 of the tax year following the first tax year
the owner qualifies the property for a limitation under this
subsection and expires on January 1 of the first tax year that the
owner no longer qualifies for a limitation under this subsection.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 8, 2011.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment authorizing the
legislature to provide for a limitation on the appraised value for
ad valorem tax purposes of certain residence homesteads of certain
veterans."