Texas 2019 - 86th Regular

Texas Senate Bill SJR80

Caption

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

Impact

If enacted, this amendment would alter the Texas Constitution to allow political subdivisions more expansive power in exempting residence homesteads from ad valorem taxes. It mandates that any exemption implemented cannot be less than $5,000, ensuring a base level of property tax relief. Furthermore, the amendment includes stipulations that could prevent subdivisions from reducing or repealing the exemption once it has been established, potentially leading to more stable and predictable tax rates for homeowners across the state.

Summary

SJR80 proposes a constitutional amendment to significantly increase the maximum amount of the local option residence homestead exemption from ad valorem taxation by a political subdivision. The current limitation of 20% for property tax exemptions would be raised to a maximum of 100%. This change aims to provide greater tax relief for homeowners by allowing local governing bodies more flexibility in determining exemption amounts. The amendment is particularly focused on supporting residents, including single adults and married couples, in managing their tax burdens more effectively.

Contention

Notable points of contention surrounding SJR80 may arise from the implications of such exemptions on local government revenue. Critics might raise concerns that significantly increasing these exemptions could limit the financial resources available to local governments for public services such as education and infrastructure. On the other hand, proponents of the bill champion the financial relief that homeowners would gain through reduced property taxes, arguing that it could stimulate local economies by allowing residents to retain more of their income. The debate may focus on balancing fiscal responsibilities of local governments with the need for taxpayer relief.

Companion Bills

TX SB2468

Enabled by Relating to the maximum amount of the local option residence homestead exemption from ad valorem taxation by a taxing unit.

Previously Filed As

TX HJR43

Proposing a constitutional amendment to provide for an exemption from ad valorem taxation by certain political subdivisions of a portion of the market value of the residence homestead of the parent or guardian of a person who is disabled and who resides with the parent or guardian.

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 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 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 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 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 SJR20

Proposing a constitutional amendment authorizing the governing body of a political subdivision to adopt an exemption from ad valorem taxation of a portion, expressed as a dollar amount, of the market value of an individual's residence homestead.

TX SJR31

Proposing a constitutional amendment authorizing the governing body of a political subdivision other than a school district to adopt an exemption from ad valorem taxation of a portion, expressed as a dollar amount, of the market value of an individual's residence homestead.

Similar Bills

No similar bills found.