Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation by a school district for maintenance and operations purposes all or part of the appraised value of a residence homestead.
Impact
If approved, HJR116 would significantly alter the landscape of property taxation in Texas. By allowing exemptions at the state level, the bill has the potential to reduce the amount of revenue that school districts receive from property taxes, which could lead to budgetary adjustments within these districts. Critics may argue that this exemption could lead to funding challenges for local education systems, raising concern about the potential impact on public school resources and initiatives.
Summary
HJR116 is a proposed constitutional amendment aimed at providing tax relief for homeowners in Texas by authorizing the legislature to exempt all or part of the appraised value of a residential homestead from ad valorem taxation for maintenance and operations by school districts. This initiative is seen as a response to rising property taxes, particularly for families, and seeks to ease the financial burden associated with residential property ownership. The bill reflects a broader goal to make homeownership more affordable and to support families facing economic challenges.
Sentiment
The sentiment surrounding HJR116 tends to be favorable among those advocating for homeowners and property tax reform. Proponents are enthusiastic about the potential benefits for families trying to manage rising housing costs. Conversely, there is notable opposition from educational advocacy groups and some legislators who fear that such tax exemptions could undermine the financial integrity of school funding. Discussions highlight a conflict between providing immediate tax relief for residents and the long-term implications for public education funding.
Contention
Key points of contention revolve around the balance between tax relief for homeowners and the sustainability of public school funding. Advocates emphasize the necessity of providing financial relief to families, while opponents raise concerns about the possible consequences for school districts that rely heavily on property tax revenue. The bill highlights the ongoing debate about the critical role that property taxes play in funding education and the potential ramifications of altering those systems.
Enabled by
Relating to an exemption from ad valorem taxation by a school district for maintenance and operations purposes of the appraised value of a residence homestead and the offsetting of the resulting revenue loss to school districts with state sales and use tax revenue.
Identical
Proposing a constitutional amendment authorizing the legislature to exempt from ad valorem taxation by a school district for maintenance and operations purposes all or part of the appraised value of a residence 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 50 percent of the appraised value of the residence homestead of a person who has received a residence homestead exemption on the property for at least the preceding 10 years.
Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of real property for ad valorem tax purposes, to increase the amount of an exemption from ad valorem taxation by a school district applicable to residence homesteads, to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts, and to except certain appropriations to pay for ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.
Proposing a constitutional amendment to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district and to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in the exemption amount.
Proposing a constitutional amendment to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district and to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in the exemption amount.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
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.