Texas Senate Bill SJR13

Texas 2017 - 85th 1st C.S.

Caption

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.

Impact

If enacted, the bill would specifically amend Section 1(i), Article VIII of the Texas Constitution. This change would enable the legislature to set limits that could alter the maximum appraised values for residential properties, directly influencing tax liabilities. The new provision would stipulate that these limits take effect on the effective date of the law or January 1 of the following tax year, providing a structured approach to implementing these changes. The expiration of these limits would occur when neither the property owner nor their spouse qualifies for the homestead exemption, which adds a layer of criteria for maintaining these limits.

Summary

SJR13 is a joint resolution proposing a constitutional amendment that would empower the Texas Legislature to impose a lower limit on the maximum appraised value of residence homesteads for ad valorem tax purposes. This potential amendment aims to provide more flexibility in adjusting the appraised values for tax assessments, which could benefit homeowners facing rising property taxes. By allowing for such adjustments, the resolution seeks to alleviate the financial burden on residents, particularly in areas experiencing rapid market value increases.

Contention

The proposed amendment may spark debate regarding the balance of state and local governance over taxation and property value assessments. Supporters argue that it offers necessary relief for homeowners against escalating property taxes, thereby enhancing economic resilience within communities. Conversely, critics may raise concerns about how these changes could affect local revenue generation for essential services, as property taxes are a significant source of funding for public schools, infrastructure, and local governance. The debate may center on whether such legislative control undermines local authority and the ability of municipalities to respond to their specific housing market conditions.