| 1 | 1 | | 87R8723 SMT-D |
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| 2 | 2 | | By: Shaheen H.J.R. No. 90 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | A JOINT RESOLUTION |
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| 6 | 6 | | proposing a constitutional amendment to authorize the legislature |
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| 7 | 7 | | to provide for a temporary limitation on the appraised value for ad |
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| 8 | 8 | | valorem tax purposes of real property located in a political |
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| 9 | 9 | | subdivision any part of which is located in an area that at any time |
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| 10 | 10 | | during the preceding tax year was declared a disaster area. |
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| 11 | 11 | | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 12 | 12 | | SECTION 1. Section 1, Article VIII, Texas Constitution, is |
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| 13 | 13 | | amended by adding Subsection (i-1) to read as follows: |
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| 14 | 14 | | (i-1) Notwithstanding Subsections (a), (b), and (i) of this |
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| 15 | 15 | | section, the Legislature by general law may limit the maximum |
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| 16 | 16 | | appraised value of real property located in a political subdivision |
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| 17 | 17 | | any part of which is located in an area that at any time during the |
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| 18 | 18 | | preceding tax year was declared a disaster area by the governor or |
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| 19 | 19 | | by the president of the United States to the lesser of the most |
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| 20 | 20 | | recent market value of the property as determined by the appraisal |
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| 21 | 21 | | entity or the appraised value of the property as determined by the |
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| 22 | 22 | | appraisal entity for the preceding tax year. The maximum appraised |
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| 23 | 23 | | value of a residence homestead that is subject to a limitation on |
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| 24 | 24 | | appraised values authorized by this subsection and to a limitation |
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| 25 | 25 | | authorized by Subsection (i) of this section is equal to the lesser |
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| 26 | 26 | | of the amount authorized by this subsection or the amount |
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| 27 | 27 | | authorized by that subsection. |
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| 28 | 28 | | SECTION 2. This proposed constitutional amendment shall be |
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| 29 | 29 | | submitted to the voters at an election to be held November 2, 2021. |
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| 30 | 30 | | The ballot shall be printed to permit voting for or against the |
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| 31 | 31 | | proposition: "The constitutional amendment to authorize the |
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| 32 | 32 | | legislature to provide for a temporary limitation on the appraised |
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| 33 | 33 | | value for ad valorem tax purposes of real property located in a |
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| 34 | 34 | | political subdivision any part of which is located in an area that |
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| 35 | 35 | | at any time during the preceding tax year was declared a disaster |
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| 36 | 36 | | area." |
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