Texas 2019 - 86th Regular

Texas House Bill HJR127

Caption

Proposing a constitutional amendment to increase the maximum amount of the local option residence homestead exemption from ad valorem taxation by a school district.

Impact

If HJR127 is passed, the potential impact on local laws and revenues could be substantial. By increasing the homestead exemption cap to 50%, homeowners could see a significant decrease in their property tax liabilities, particularly for those residing in school district zones. The amendment would enable local governments, specifically school districts, to provide greater tax relief to residents, potentially benefiting lower-income families and homeowners facing financial pressures.

Summary

HJR127 is a joint resolution proposing an amendment to the Texas Constitution that aims to increase the maximum allowable local option residence homestead exemption from ad valorem taxation specific to school districts. Currently, the exemption ceiling is set at 20% of the market value of a residence homestead. This resolution proposes raising that limit to 50%, which would allow a more significant reduction in property taxes for homeowners within school district jurisdictions.

Contention

However, the proposal may be met with contention among various stakeholders. Proponents argue that it offers much-needed tax relief and recognizes the importance of supporting homeowners, especially in the current economic climate. Conversely, critics may express concerns regarding the financial implications for local school funding. Given that property taxes are a primary funding source for public education, lowering these taxes might lead to funding shortfalls for schools, which could affect educational programs and resources.

Additional_points

The amendment seeks to address the growing needs of the constituency by potentially allowing for a tax system that is more equitable for homeowners. The resolution indicates that the voters will decide on this amendment during the election scheduled for November 5, 2019, demonstrating a democratic approach to altering tax policy. Whether or not this change will achieve its intended goal of alleviating financial burdens while maintaining school funding levels remains a significant question in legislative discussions.

Companion Bills

TX HB4092

Enabled by Relating to the maximum amount of the local option residence homestead exemption from ad valorem taxation by a school district and the effect of such exemptions on the provision of funding under the foundation school program.

Previously Filed As

TX HJR115

Proposing a constitutional amendment to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district and 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 the exemption amount.

TX HJR122

TX SJR1

Proposing a constitutional amendment to increase the amount of the 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 school district ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.

TX SJR2

TX HJR199

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.

TX SJR3

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.

TX SJR1

Proposing a constitutional amendment to increase the amount of the 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, to provide supplemental payments to full-time classroom teachers in school districts, and to except certain appropriations to pay for school district ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.

TX HJR44

Proposing a constitutional amendment to appropriate money from the general revenue fund to the foundation school fund and use the money to finance a temporary increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district and a temporary reduction in the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect the increased exemption amount.

TX HJR2

Proposing a constitutional amendment to authorize the legislature to establish a temporary limit on the maximum appraised value of real property other than a residence homestead for ad valorem tax purposes; to increase the amount of the 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; to except certain appropriations to pay for ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations; and to authorize the legislature to provide for a four-year term of office for a member of the governing body of certain appraisal entities.

TX HJR162

Proposing a constitutional amendment providing for an exemption from ad valorem taxation for public school purposes of a dollar amount or a percentage, whichever is greater, of the market value of a residence homestead and providing for an adjustment of the limitation on the total amount of ad valorem taxes that may be imposed for those purposes on the homestead of a person who is elderly or disabled to reflect increases in the exemption amount.

Similar Bills

No similar bills found.