87R4671 SMT-D
By: Shine H.J.R. No. 55
A JOINT RESOLUTION
proposing a constitutional amendment authorizing the legislature
to provide for an exemption from ad valorem taxation by a political
subdivision other than a school district 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 (t) to read as follows:
(t) 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 other than a school district of a portion
of the assessed value of an individual's residence homestead in an
amount equal to 5 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 2, 2021.
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 by
a political subdivision other than a school district 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."