| 1 | 1 | | 86R12339 SMH-D |
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| 2 | 2 | | By: Lucio III H.J.R. No. 93 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A JOINT RESOLUTION |
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| 6 | 6 | | proposing a constitutional amendment authorizing the legislature |
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| 7 | 7 | | to provide for an exemption from ad valorem taxation of a portion of |
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| 8 | 8 | | the assessed value of a residence homestead based on the average |
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| 9 | 9 | | assessed value of all qualified residence homesteads that are |
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| 10 | 10 | | located in the same county as the homestead. |
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| 11 | 11 | | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 12 | 12 | | SECTION 1. Section 1-b, Article VIII, Texas Constitution, |
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| 13 | 13 | | is amended by adding Subsection (q) to read as follows: |
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| 14 | 14 | | (q) In addition to any other exemption authorized or |
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| 15 | 15 | | prescribed by this section, the legislature by general law may |
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| 16 | 16 | | provide for an exemption from ad valorem taxation by a political |
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| 17 | 17 | | subdivision of this state of a portion of the assessed value of an |
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| 18 | 18 | | individual's residence homestead in an amount equal to 10 percent, |
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| 19 | 19 | | or a greater percentage not to exceed 25 percent specified by the |
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| 20 | 20 | | governing body of the political subdivision in the manner provided |
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| 21 | 21 | | by law for official action by the body, of the average assessed |
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| 22 | 22 | | value of all residence homesteads that are located in the same |
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| 23 | 23 | | county as the individual's homestead and that qualify for an |
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| 24 | 24 | | exemption under this section. For purposes of computing the |
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| 25 | 25 | | average assessed value of residence homesteads, the general law may |
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| 26 | 26 | | provide for disregarding a change in the assessed value of a |
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| 27 | 27 | | residence homestead or concerning the qualification of a property |
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| 28 | 28 | | for a residence homestead exemption made after a specified date. |
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| 29 | 29 | | SECTION 2. This proposed constitutional amendment shall be |
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| 30 | 30 | | submitted to the voters at an election to be held November 5, 2019. |
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| 31 | 31 | | The ballot shall be printed to permit voting for or against the |
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| 32 | 32 | | proposition: "The constitutional amendment authorizing the |
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| 33 | 33 | | legislature to provide for an exemption from ad valorem taxation of |
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| 34 | 34 | | a portion of the assessed value of a residence homestead based on |
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| 35 | 35 | | the average assessed value of all qualified residence homesteads |
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| 36 | 36 | | that are located in the same county as the homestead." |
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