85S10214 TJB-D
By: Villalba H.J.R. No. 50
A JOINT RESOLUTION
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.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1(i), Article VIII, Texas Constitution,
is amended 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 least [lesser] of the most recent
market value of the residence homestead as determined by the
appraisal entity, [or] 110 percent[,] or a greater percentage[,] of
the appraised value of the residence homestead for the preceding
tax year, or 125 percent or a greater percentage of the lowest
appraised value of the residence homestead for any of the preceding
10 tax years. 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.
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 permit voting for or against the
proposition: "The 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 of 125 percent or a greater percentage of the lowest
appraised value of the residence homestead for any of the preceding
10 tax years."