Proposing a constitutional amendment exempting residential real property from ad valorem taxation.
Impact
If enacted, HJR93 would significantly impact state laws related to property taxation by removing ad valorem taxes from certain residential properties. The bill sets forth exemptions for household goods and personal effects that are not used for income production, as well as detailing the circumstances under which county entities may impose taxes. The proposed changes would apply from January 1, 2012, onward for tax years beginning after that date, potentially decreasing revenue for local jurisdictions dependent on property taxes to fund essential services.
Summary
HJR93 is a joint resolution proposing an amendment to the Texas Constitution aimed at exempting residential real property from ad valorem taxation. This proposal seeks to amend various sections of Article VIII of the Texas Constitution, thereby making changes to how property taxes are levied on residential properties. The primary goal of this amendment is to offer financial relief to homeowners by reducing their tax burden on residential properties, which proponents argue is necessary to promote housing affordability in Texas.
Sentiment
The sentiment surrounding HJR93 appears to be mixed. Proponents, including various homeowner advocacy groups, express a strong positive sentiment, highlighting the bill's potential to relieve financial pressures on homeowners, particularly amid rising property values and living costs. However, concerns have been raised about the implications of reduced funding for local governments and public services that rely on property tax revenue. Critics argue that this exemption could lead to budget shortfalls and lessen the capacity of local entities to address infrastructure and community needs.
Contention
Notable points of contention include the balance between easing financial burdens on property owners and ensuring sufficient funding for public services. Critics of the bill fear that exempting residential properties from ad valorem taxation may disproportionately affect local budgets, which rely on these revenues to maintain roads, public safety, and education systems. This debate reflects broader concerns about state versus local governance and the implications of tax policy on community welfare. HJR93, if passed, would necessitate careful management of state and local fiscal responsibilities to mitigate adverse effects of the proposed changes.
Proposing a constitutional amendment to provide for an exemption from ad valorem taxation by certain political subdivisions of a portion of the market value of the residence homestead of the parent or guardian of a person who is disabled and who resides with the parent or guardian.
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 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 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.
Proposing a constitutional amendment to increase the amount of the 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 school district 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 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 school district ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.
Proposing a constitutional amendment increasing the amount of the residence homestead exemption from ad valorem taxation for public school purposes and providing for a reduction of the limitation on the total amount of ad valorem taxes that may be imposed for those purposes on the homestead of an elderly or disabled person to reflect the increased exemption amount, authorizing the legislature to prohibit a political subdivision that has adopted an optional residence homestead exemption from ad valorem taxation from reducing the amount of or repealing the exemption, and prohibiting the enactment of a law that imposes a transfer tax on a transaction that conveys fee simple title to real property.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that 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 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 taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Proposing a constitutional amendment increasing the amount of the residence homestead exemption from ad valorem taxation for public school purposes, providing for a reduction of the limitation on the total amount of ad valorem taxes that may be imposed for those purposes on the homestead of an elderly or disabled person to reflect the increased exemption amount, and extending the number of days that certain tangible personal property that is exempt from ad valorem taxation due to its temporary location in this state may remain located in this state before forfeiting the right to the exemption.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that 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 taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.