Proposing a constitutional amendment to revise the ad valorem tax limitations on residence homesteads of elderly and disabled persons and their surviving spouses to take into account certain residence homestead exemptions.
Impact
The proposed changes would directly affect state laws related to property taxation, particularly in terms of relieving the tax burden on elderly and disabled homeowners. By ensuring that taxes on these homesteads cannot be increased while they remain their primary residence, the bill intends to provide a layer of economic protection. Furthermore, it supports surviving spouses who are 55 years or older, allowing them to maintain tax limitations established during their spouse's lifetime, enhancing their financial security.
Summary
HJR139 proposes a constitutional amendment aimed at revising the ad valorem tax limitations on residence homesteads owned by elderly and disabled persons, as well as their surviving spouses. This amendment seeks to incorporate specific residence homestead exemptions while ensuring that certain tax limitations remain in effect for these vulnerable groups. One of the key provisions is that it prevents increases in ad valorem taxes on the homesteads of eligible persons while they reside there, fostering financial stability for these households against rising tax rates.
Sentiment
The sentiment surrounding HJR139 appears to be generally positive among proponents who view it as a crucial measure to protect vulnerable populations from tax burdens that could lead to financial distress. Legislative discussions have highlighted the importance of safeguarding the financial welfare of the elderly and disabled. However, there might also be concerns from opponents regarding the implications for local governments' revenue, which may rely on property taxes for funding essential services.
Contention
Despite the overall support for the objectives of HJR139, discussions may raise questions about the potential strain on local funding sources due to the restrictions on property tax increases. Critics might advocate for broader solutions to address budgetary constraints in local governments without compromising essential services that rely on these taxes. This contention underscores a balancing act between providing necessary protections for individuals and maintaining adequate funding for public services.
Enabled by
Relating to an adjustment of the limitations on school district, county, municipal, and junior college district ad valorem taxes on residential homesteads of elderly and disabled persons and their surviving spouses.
Proposing a constitutional amendment establishing a limitation on the total amount of ad valorem taxes that a county may impose on the residence homesteads of persons who are disabled or elderly and their surviving spouses.
Proposing a constitutional amendment establishing a limitation on the total amount of ad valorem taxes that certain political subdivisions may impose on the residence homesteads of persons who are disabled or elderly and their surviving spouses.
Proposing a constitutional amendment establishing a limitation on the total amount of ad valorem taxes that certain political subdivisions may impose on the residence homesteads of persons who are disabled or elderly and their surviving spouses.
Proposing a constitutional amendment establishing a limitation on the total amount of ad valorem taxes that certain political subdivisions may impose on the residence homesteads of persons who are disabled or elderly and their surviving spouses.
Proposing a constitutional amendment to authorize a political subdivision other than a school district to establish a limitation on the amount of ad valorem taxes that the political subdivision may impose on the residence homesteads of persons who are disabled or elderly and their surviving spouses.
Proposing a constitutional amendment to authorize a political subdivision other than a school district to establish a limitation on the amount of ad valorem taxes that the political subdivision may impose on the residence homesteads of persons who are disabled or elderly and their surviving spouses.
Proposing a constitutional amendment to authorize a limitation on the total amount of ad valorem taxes that a political subdivision other than a school district, county, municipality, or junior college district may impose on the residence homesteads of persons who are disabled or elderly and their surviving spouses.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that a county may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that certain taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that certain taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to an adjustment of the limitations on school district, county, municipal, and junior college district ad valorem taxes on residential homesteads of elderly and disabled persons and their surviving spouses.
Relating to the transfer of the limitation on school district, county, municipal, or junior college district ad valorem taxes on the residence homestead of a person who is elderly or disabled to a subsequent homestead of that person.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that a county may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that a county may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the calculation of a limitation on the total amount of ad valorem taxes that may be imposed by certain taxing units on the residence homestead of an individual who is elderly or disabled.
Relating to the calculation of a limitation on the total amount of ad valorem taxes that may be imposed by certain taxing units on the residence homestead of an individual who is elderly or disabled.
Relating to the authority of a hospital district to establish an ad valorem tax freeze on the residence homesteads of disabled or elderly persons and their surviving spouses.