Proposing a constitutional amendment authorizing the legislature to increase the amount of the exemption from ad valorem taxation of property owned by certain disabled veterans and the surviving spouses and children of certain veterans.
Impact
If enacted, HJR92 will directly affect Article VIII, Section 2 of the Texas Constitution, which currently governs property tax exemptions for disabled veterans. The amendment seeks to raise the exemption limits based on the severity of the veterans' disabilities, with specific thresholds ranging from a $10,000 exemption for disabilities between 10% and 30%, to a maximum of $24,000 for those with disabilities over 70%. This change could significantly reduce the property tax burdens on qualifying veterans and their families.
Summary
HJR92 proposes a constitutional amendment allowing the Texas legislature to increase the amount of the ad valorem tax exemption for property owned by certain disabled veterans, as well as the surviving spouses and children of these veterans. The bill aims to provide greater financial relief for disabled veterans whose economic circumstances may be impacted by property taxes, ensuring that those with disabilities receive a measure of support from the state.
Contention
While the bill is positioned as beneficial for veterans, there may be discussions regarding the implications of increased exemptions on local tax revenues. Critics might argue that while the intent is to support disabled veterans, the financial effects of lowering tax contributions could impact local municipalities' ability to fund services. Discussions surrounding the balance between supporting veterans and maintaining adequate funding for community services are likely points of contention.
Enabled by
Relating to the amount of the exemption from ad valorem taxation to which certain disabled veterans and the surviving spouses and children of certain veterans are entitled.
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.
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.
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.
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.
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.
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.
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 exempt from ad valorem taxation a portion of the market value of the residence homesteads of certain elderly persons and their surviving spouses.
Relating to the exemption from ad valorem taxation of the total appraised value of the residence homestead of the surviving spouse of a 100 percent or totally disabled veteran.