Texas 2021 - 87th Regular

Texas House Bill HJR77

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 passed, HJR77 would substantially alter property tax laws across Texas, providing local governments with the authority to approve larger exemptions for homeowners. This change could provide substantial relief for many residents, especially those in economically disadvantaged situations. An exemption of up to 100% could lead to significant reductions in the overall property tax burden for homeowners, encouraging homeownership and potentially stimulating the housing market by making it more affordable for many individuals.

Summary

HJR77 is a joint resolution proposing a constitutional amendment aimed at increasing the maximum percentage of the local option residence homestead exemption from ad valorem taxation by political subdivisions in Texas. The bill seeks to amend Section 1-b(e) of Article VIII of the Texas Constitution to allow local governing bodies to exempt up to 100% of the market value of the residence homestead for individuals, including those living alone. Currently, this percentage is capped at 20%, thereby significantly limiting the tax relief available to homeowners under local option provisions.

Contention

The proposal may encounter contention from various stakeholders, particularly from those concerned about the financial implications for local government budgets. Critics argue that while the intent is to assist homeowners, such an increase in exemptions could lead to funding shortfalls for essential local services, such as schools and law enforcement, which rely on property tax revenues. There may also be debates regarding the fairness and efficiency of a drastic exemption increase, as it could disproportionately benefit wealthier homeowners at the potential expense of community resources.

Companion Bills

TX HB1393

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.