Texas 2021 - 87th 2nd C.S.

Texas House Bill HJR17

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, HJR17 would have a considerable impact on state tax laws, potentially altering the financial landscape for local governments that rely on property taxes for funding services. The increased exemption could lead to reduced revenue for these entities, necessitating adjustments in their budgeting and service delivery. While proponents advocate for the tax relief benefits for residents, this change may create fiscal challenges for local administrations, leading to potential reductions in public services.

Summary

HJR17 is a joint resolution proposing a constitutional amendment to increase the maximum local option residence homestead exemption from ad valorem taxation by political subdivisions in Texas. This amendment seeks to raise the exemption percentage limit from the current 20% to a maximum of 100%. By allowing property owners to exempt a significantly larger portion of their property's market value from taxation, the bill aims to provide substantial tax relief to homeowners, especially those at lower income levels.

Contention

The proposal has sparked discussions regarding its implications for local governance and financial sustainability. Supporters argue that empowering homeowners with a greater exemption helps alleviate financial burdens, particularly for those facing economic hardship. In contrast, detractors raise concerns that the measure could weaken local governments' financial capabilities, forcing them to find alternative funding sources or cut essential services. The constitutional amendment reflects broader debates about the balance between tax relief for residents and the responsibilities of local governments to maintain adequate public services.

Companion Bills

TX HB152

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.