82R12230 CJC-D
By: Farias H.J.R. No. 11
A JOINT RESOLUTION
proposing a constitutional amendment authorizing the legislature
to limit the maximum appraised value of certain residence
homesteads for ad valorem tax purposes to the purchase price of the
property and to limit the frequency of reappraisals of residence
homesteads.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1, Article VIII, Texas Constitution, is
amended by adding Subsections (k) and (l) to read as follows:
(k) Notwithstanding Subsections (a), (b), and (i) of this
section, for the tax year following the year in which the property
was purchased, the Legislature by general law may limit the maximum
appraised value of a residence homestead for ad valorem tax
purposes to an amount that is less than the appraised value
otherwise provided by law, but not less than the amount that the
owner of the residence homestead paid for the property. The
applicability of a general law enacted under this subsection must
be limited to a bona fide purchaser for value of a property who
qualifies the property for an exemption under Section 1-b of this
article for the tax year following the year in which the person
purchased the property and who applies for the limitation on
appraised value under this subsection in the manner provided by
law. The Legislature may prescribe or delegate to an appropriate
public official or entity the authority to prescribe standards and
procedures to administer a law enacted under this subsection,
including criteria to be used to determine whether a person was a
bona fide purchaser for value of a property.
(l) Notwithstanding Subsections (a), (b), and (i) of this
section, the Legislature by general law may limit the frequency
with which a residence homestead may be reappraised for ad valorem
tax purposes.
SECTION 2. The following temporary provision is added to
the Texas Constitution:
TEMPORARY PROVISION. (a) This temporary provision applies
to the constitutional amendment proposed by the 82nd Legislature,
Regular Session, 2011, to authorize the legislature to limit the
maximum appraised value of certain residence homesteads for ad
valorem tax purposes to the purchase price of the property and to
limit the frequency of reappraisals of residence homesteads.
(b) Sections 1(k) and (l), Article VIII, of this
constitution take effect January 1, 2012, and apply only to a tax
year that begins on or after that date.
(c) This temporary provision expires January 1, 2013.
SECTION 3. 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 limit the maximum appraised value of certain
residence homesteads for ad valorem tax purposes to the purchase
price of the property and to limit the frequency of reappraisals of
residence homesteads."