Texas House Bill HJR93

Texas 2019 - 86th Regular

Caption

Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation of a portion of the assessed value of a residence homestead based on the average assessed value of all qualified residence homesteads that are located in the same county as the homestead.

Impact

Should this amendment be passed, it could significantly change the landscape of property taxation in Texas. By enabling local governments to provide this exemption, the amendment could lead to decreased property tax burdens for homeowners, particularly those in areas where property values have risen sharply. The adjustment in tax revenue for local governments could necessitate a reevaluation of funding for public services, as a reduction in tax income may impact areas such as education, public safety, and infrastructure.

Summary

HJR93 proposes a constitutional amendment that would empower the Texas legislature to establish an exemption from ad valorem taxation on a portion of the assessed value of residence homesteads. This exemption would be based on the average assessed value of all qualified residence homesteads located in the same county. The amendment suggests that the statewide rate could range from 10% to 25%, as determined by the governing bodies of local political subdivisions.

Contention

The potential enactment of HJR93 may invoke debate among various stakeholders. Proponents argue that relief from property taxes is necessary, especially for low- and middle-income families facing rising housing costs. Conversely, critics may express concerns about the implications of reduced tax revenue on local services and whether the proposed exemption might disproportionately benefit certain populations over others. Furthermore, questions about the caps set on exemptions could also lead to discussions about fairness and equity in property taxation.