Texas 2021 - 87th 1st C.S.

Texas House Bill HJR28

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

Should HJR28 pass, it would fundamentally alter the landscape of property taxation for homeowners in Texas by enabling local governments to offer a more substantive tax break on the market value of residences. This could provide significant savings for many residents, particularly those on fixed incomes or with limited financial flexibility. The bill empowers local governing bodies with the authority to implement these exceptions, which could lead to varied applications depending on local economic conditions and priorities.

Summary

HJR28 proposes a constitutional amendment to increase the local option residence homestead exemption from ad valorem taxation from 20 percent to a maximum of 100 percent. This amendment is designed to provide substantial tax relief for homeowners by allowing political subdivisions to exempt larger portions of residence homesteads from taxation. The impetus behind this bill centers on making homeownership more affordable and minimizing the tax burden on residents, especially in politically diverse and financially strained communities. The amendment reflects a broader effort by the legislature to support residents amidst rising property taxes across Texas.

Contention

While supporters argue that increasing the homestead exemption will provide necessary financial relief to homeowners, there may be concerns regarding the long-term fiscal implications for local governments, especially regarding their ability to fund essential services. Critics might argue that such a significant shift in property tax policy could lead to decreased revenue for local agencies that rely on these funds for public services like education and infrastructure. This contention may fuel extensive debates in the legislature regarding the balance between tax relief for residents and the financial health of local governments.

Companion Bills

TX HB300

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.