87R10971 TJB-D
By: Krause H.J.R. No. 108
A JOINT RESOLUTION
proposing a constitutional amendment to authorize the legislature
to establish a lower limit on the maximum appraised value of
residence homesteads for ad valorem tax purposes and to establish a
limit on the value of single-family residences other than residence
homesteads for those purposes.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1, Article VIII, Texas Constitution, is
amended by amending Subsection (i) and adding Subsection (k) to
read as follows:
(i) Notwithstanding Subsections (a) and (b) of this
section, the Legislature by general law may limit the maximum
appraised value of a residence homestead for ad valorem tax
purposes in a tax year to the lesser of the most recent market value
of the residence homestead as determined by the appraisal entity or
105 [110] percent, or a greater percentage, of the appraised value
of the residence homestead for the preceding tax year. A limitation
on appraised values authorized by this subsection:
(1) takes effect as to a residence homestead on the
later of the effective date of the law imposing the limitation or
January 1 of the tax year following the first tax year the owner
qualifies the property for an exemption under Section 1-b of this
article; and
(2) expires on January 1 of the first tax year that
neither the owner of the property when the limitation took effect
nor the owner's spouse or surviving spouse qualifies for an
exemption under Section 1-b of this article.
(k) Notwithstanding Subsections (a) and (b) of this
section, the Legislature by general law may limit the maximum
appraised value of a single-family residence other than a residence
homestead for ad valorem tax purposes in a tax year to the lesser of
the most recent market value of the property as determined by the
appraisal entity or 110 percent, or a greater percentage, of the
appraised value of the property for the preceding tax year. A
limitation on appraised values authorized by this subsection:
(1) takes effect as to a single-family residence on
the later of the effective date of the law imposing the limitation
or January 1 of the tax year following the first tax year in which
the owner owns the property on January 1 and in which the property
is used as a single-family residence; and
(2) expires on January 1 of the tax year following the
tax year in which the owner of the property ceases to own the
property or the property ceases to be used as a single-family
residence.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 2, 2021.
The ballot shall be printed to provide for voting for or against the
proposition: "The constitutional amendment to authorize the
legislature to limit the maximum appraised value of a residence
homestead for ad valorem tax purposes to 105 percent or more of the
appraised value of the property for the preceding tax year and to
limit the maximum appraised value of a single-family residence
other than a residence homestead for those purposes to 110 percent
or more of the appraised value of the property for the preceding tax
year."