TX
Texas House Bill HJR50

Texas 2017 - 85th 1st C.S.

Texas House Bill HJR50

Caption

Proposing a constitutional amendment to authorize the legislature to establish an additional limitation on the maximum appraised value of a residence homestead for ad valorem tax purposes.

Impact

If enacted, HJR50 would change the provisions of the Texas Constitution relating to property tax assessments. It will allow the legislature to impose a maximum ceiling on homestead appraisals, potentially protecting homeowners from sudden spikes in property taxes. Specifically, this could be set at either a percentage of the previous year's appraised value or a percentage of the lowest appraised value from the previous ten years, therefore offering various pathways to limit tax liabilities and promote housing stability.

Summary

HJR50 proposes a constitutional amendment to allow the Texas legislature to establish an additional limitation on the maximum appraised value of a residence homestead for ad valorem tax purposes. This amendment aims to provide homeowners with enhanced protections from rising property taxes by enabling the legislature to set limits based on certain criteria, including the most recent market value or a percentage increase from previous appraised values. Overall, the bill seeks to address concerns regarding the affordability of property ownership amidst increasing tax burdens.

Contention

There are notable points of contention surrounding HJR50, primarily relating to the implications of limiting the appraised value. Advocates argue that this measure is an essential step towards preserving homeownership and preventing tax-related displacement, especially among low and middle-income families. However, critics express concerns that the amendment may negatively impact local governments' revenue from property taxes, potentially leading to budget constraints for essential services like education and public safety. The balance between protecting homeowners and ensuring adequate funding for local services remains a critical debate in the evaluation of this bill.

Companion Bills

TX HB359

Enabled by Relating to the limitation on increases in the appraised value of a residence homestead for ad valorem tax purposes.

Previously Filed As

TX HJR55

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 single-family residences other than residence homesteads for those purposes.

TX HJR6

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 single-family residences other than residence homesteads for those purposes.

TX SJR34

Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem tax purposes.

TX SJR19

Proposing a constitutional amendment to authorize the legislature to establish a limit on the maximum appraised value of real property other than a residence homestead for ad valorem tax purposes.

TX SJR53

Proposing a constitutional amendment to authorize the legislature to establish a limit on the maximum appraised value of real property other than a residence homestead for ad valorem tax purposes.

TX HJR57

Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.

TX HJR152

Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.

TX HJR11

Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.

TX HJR4

Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.

TX HJR95

Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.

Similar Bills

No similar bills found.