Proposing a constitutional amendment authorizing a local option exemption from ad valorem taxation by a county of a portion of the value of the residence homestead of a veteran of the United States armed services who has been honorably discharged.
Impact
The proposed amendment emphasizes local governance by granting counties the ability to individually determine the level of tax exemption for veterans within their jurisdictions. This could lead to a variety of approaches across different counties, depending on local priorities and budget considerations. The resolution may increase support for veterans within the community, allowing them to retain more of their property value, thereby potentially encouraging them to remain in their homes longer. It seeks to honor their service through tangible financial support while still accommodating local budgetary restraints.
Summary
HJR42 is a joint resolution proposing an amendment to the Texas Constitution that would allow counties to offer a local option exemption from ad valorem taxation on a portion of the residential homestead value for honorably discharged veterans. Specifically, the resolution suggests that a county's commissioners court could grant an exemption starting at $10,000 and allow for annual increases of up to $5,000, with a maximum total exemption of $75,000. This local control measure acknowledges the service of veterans and aims to ease their financial burden through property tax relief.
Contention
While the bill broadly aims to support veterans, there are notable contentions regarding potential disparities it may create between wealthier and less affluent counties. Critics may argue that not all counties will be able to afford to implement the full extent of the tax exemption, leading to unequal benefits for veterans based on geographical location. Additionally, this could spark debate on the implications for county budgets, as increased exemptions might result in reduced revenue for local services. Thus, while the intent to provide support for veterans is commendable, the effectiveness of its implementation across diverse financial landscapes will likely be scrutinized.
Enabled by
Relating to a local option exemption from ad valorem taxation by a county of a portion of the value of the residence homestead of a veteran who has been honorably discharged.
Proposing a constitutional amendment authorizing the commissioners court of a county to adopt an exemption from ad valorem taxation by the county of a portion, expressed as a dollar amount, of the appraised value of an individual's residence homestead.
Proposing a constitutional amendment authorizing a local option exemption from ad valorem taxation by a county of a portion of the value of the residence homestead of a physician who provides health care services for which the physician agrees not to seek payment from any source, including the Medicaid program or otherwise from this state or the federal government, to county residents who are indigent or who are Medicaid recipients.
Proposing a constitutional amendment to exempt from ad valorem taxation a portion of the market value of the residence homesteads of certain elderly persons and their surviving spouses.
Proposing a constitutional amendment authorizing the governing body of a political subdivision to adopt an exemption from ad valorem taxation of a portion, expressed as a dollar amount, of the market value of an individual's residence homestead.
Proposing a constitutional amendment authorizing the governing body of a political subdivision other than a school district to adopt an exemption from ad valorem taxation of a portion, expressed as a dollar amount, of the market value of an individual's residence homestead.
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 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 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 authorizing the legislature to provide for an exemption from ad valorem taxation by a political subdivision other than a school district of a portion of the assessed value of a residence homestead based on the average assessed value in the preceding tax year of all qualified residence homesteads that are located in the same county as the homestead.
Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation of all or part of the market value of the residence homestead of the surviving spouse of a 100 percent or totally disabled veteran regardless of whether the property was the residence homestead of the surviving spouse when the disabled veteran died.