Texas 2021 - 87th Regular

Texas House Bill HJR108 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	87R10971 TJB-D
2	2	By: Krause H.J.R. No. 108
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4	4
5	5	A JOINT RESOLUTION
6	6	proposing a constitutional amendment to authorize the legislature
7	7	to establish a lower limit on the maximum appraised value of
8	8	residence homesteads for ad valorem tax purposes and to establish a
9	9	limit on the value of single-family residences other than residence
10	10	homesteads for those purposes.
11	11	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
12	12	SECTION 1. Section 1, Article VIII, Texas Constitution, is
13	13	amended by amending Subsection (i) and adding Subsection (k) to
14	14	read as follows:
15	15	(i) Notwithstanding Subsections (a) and (b) of this
16	16	section, the Legislature by general law may limit the maximum
17	17	appraised value of a residence homestead for ad valorem tax
18	18	purposes in a tax year to the lesser of the most recent market value
19	19	of the residence homestead as determined by the appraisal entity or
20	20	105 [110] percent, or a greater percentage, of the appraised value
21	21	of the residence homestead for the preceding tax year. A limitation
22	22	on appraised values authorized by this subsection:
23	23	(1) takes effect as to a residence homestead on the
24	24	later of the effective date of the law imposing the limitation or
25	25	January 1 of the tax year following the first tax year the owner
26	26	qualifies the property for an exemption under Section 1-b of this
27	27	article; and
28	28	(2) expires on January 1 of the first tax year that
29	29	neither the owner of the property when the limitation took effect
30	30	nor the owner's spouse or surviving spouse qualifies for an
31	31	exemption under Section 1-b of this article.
32	32	(k) Notwithstanding Subsections (a) and (b) of this
33	33	section, the Legislature by general law may limit the maximum
34	34	appraised value of a single-family residence other than a residence
35	35	homestead for ad valorem tax purposes in a tax year to the lesser of
36	36	the most recent market value of the property as determined by the
37	37	appraisal entity or 110 percent, or a greater percentage, of the
38	38	appraised value of the property for the preceding tax year. A
39	39	limitation on appraised values authorized by this subsection:
40	40	(1) takes effect as to a single-family residence on
41	41	the later of the effective date of the law imposing the limitation
42	42	or January 1 of the tax year following the first tax year in which
43	43	the owner owns the property on January 1 and in which the property
44	44	is used as a single-family residence; and
45	45	(2) expires on January 1 of the tax year following the
46	46	tax year in which the owner of the property ceases to own the
47	47	property or the property ceases to be used as a single-family
48	48	residence.
49	49	SECTION 2. This proposed constitutional amendment shall be
50	50	submitted to the voters at an election to be held November 2, 2021.
51	51	The ballot shall be printed to provide for voting for or against the
52	52	proposition: "The constitutional amendment to authorize the
53	53	legislature to limit the maximum appraised value of a residence
54	54	homestead for ad valorem tax purposes to 105 percent or more of the
55	55	appraised value of the property for the preceding tax year and to
56	56	limit the maximum appraised value of a single-family residence
57	57	other than a residence homestead for those purposes to 110 percent
58	58	or more of the appraised value of the property for the preceding tax
59	59	year."