Texas House Bill HJR30

Texas 2015 - 84th Regular

• Filed: 11/10/14

Caption

Proposing a constitutional amendment increasing the amount of the residence homestead exemption from ad valorem taxation for public school purposes from $15,000 to $45,000 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.

Impact

The constitutional amendment's adjustments would necessitate changes in the way local school districts assess and collect taxes. Specifically, it mandates a reduction in the total amount of ad valorem taxes imposed on the homesteads of elderly and disabled persons, ensuring that these groups do not face increased financial demands reflecting the new exemption amount. This reformation is likely to affect the revenue streams that school districts rely on, requiring legislative measures to safeguard against significant financial losses.

Summary

HJR30 proposes a constitutional amendment to increase the residence homestead exemption from ad valorem taxation for public school purposes from $15,000 to $45,000. This significant increase aims to provide greater financial relief to homeowners, particularly benefiting the elderly and disabled individuals who are often on fixed incomes. By raising this exemption, the bill seeks to alleviate some of the financial burdens associated with property taxes that support public education funding.

Contention

Noteworthy points of contention surrounding HJR30 include debates over the adequacy of funding for public schools in light of the increased exemption. Critics argue that while the amendment provides relief to certain homeowners, it could hinder the financial capability of public school districts to fund educational programs effectively. Supporters, however, assert that the bill will foster better home affordability for vulnerable populations and encourage home ownership without disproportionate tax burdens.