85S10265 LHC-D
By: Cosper H.J.R. No. 43
A JOINT RESOLUTION
proposing a constitutional amendment to authorize the legislature
to establish a lower limit on the maximum appraised value of
residence homesteads for ad valorem tax purposes and to establish a
limit on the value of other real property for those purposes.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1, Article VIII, Texas Constitution, is
amended by amending Subsection (i) and adding Subsection (k) to
read as follows:
(i) Notwithstanding Subsections (a) and (b) of this
section, the Legislature by general law may limit the maximum
appraised value of a residence homestead for ad valorem tax
purposes in a tax year to the lesser of the most recent market value
of the residence homestead as determined by the appraisal entity or
107 [110] percent, or a greater percentage, of the appraised value
of the residence homestead for the preceding tax year. A limitation
on appraised values authorized by this subsection:
(1) takes effect as to a residence homestead on the
later of the effective date of the law imposing the limitation or
January 1 of the tax year following the first tax year the owner
qualifies the property for an exemption under Section 1-b of this
article; and
(2) expires on January 1 of the first tax year that
neither the owner of the property when the limitation took effect
nor the owner's spouse or surviving spouse qualifies for an
exemption under Section 1-b of this article.
(k) This subsection does not apply to a residence homestead
to which Subsection (i) of this section applies. Notwithstanding
Subsections (a) and (b) of this section, the Legislature by general
law may limit the maximum appraised value of real property for ad
valorem tax purposes in a tax year to the lesser of the most recent
market value of the property as determined by the appraisal entity
or 120 percent, or a greater percentage, of the appraised value of
the property for the preceding tax year. A limitation on appraised
values authorized by this subsection:
(1) takes effect as to a parcel of real property
described by this subsection on the later of the effective date of
the law imposing the limitation or January 1 of the tax year
following the first tax year in which the owner owns the property on
January 1; and
(2) expires on January 1 of the tax year following the
tax year in which the owner of the property ceases to own the
property.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 7, 2017.
The ballot shall be printed to provide for voting for or against the
proposition: "The constitutional amendment to authorize the
legislature to limit the maximum appraised value of a residence
homestead for ad valorem tax purposes to 107 percent or more of the
appraised value of the property for the preceding tax year and to
limit the maximum appraised value of real property other than a
residence homestead for those purposes to 120 percent or more of the
appraised value of the property for the preceding tax year."