86R12339 SMH-D
By: Lucio III H.J.R. No. 93
A JOINT RESOLUTION
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.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1-b, Article VIII, Texas Constitution,
is amended by adding Subsection (q) to read as follows:
(q) In addition to any other exemption authorized or
prescribed by this section, the legislature by general law may
provide for an exemption from ad valorem taxation by a political
subdivision of this state of a portion of the assessed value of an
individual's residence homestead in an amount equal to 10 percent,
or a greater percentage not to exceed 25 percent specified by the
governing body of the political subdivision in the manner provided
by law for official action by the body, of the average assessed
value of all residence homesteads that are located in the same
county as the individual's homestead and that qualify for an
exemption under this section. For purposes of computing the
average assessed value of residence homesteads, the general law may
provide for disregarding a change in the assessed value of a
residence homestead or concerning the qualification of a property
for a residence homestead exemption made after a specified date.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 5, 2019.
The ballot shall be printed to permit voting for or against the
proposition: "The 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."