Texas House Bill HJR115

Texas 2023 - 88th Regular

• Filed: 2/17/23

Caption

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.

Impact

If enacted, HJR115 would lead to substantial changes in the Texas Constitution, directly affecting Article VIII concerning taxation. The increase in the exemption amount is intended to reduce the financial burden of property taxes on vulnerable populations, particularly the elderly and disabled. By implementing this amendment, the legislation aims to alleviate some of the financial pressures associated with rising housing costs, which could have broader implications for housing affordability in the state. Additionally, the legislation includes provisions for the Texas legislature to create formulas to protect school districts from revenue losses incurred due to these increased exemptions.

Summary

HJR115 is a joint resolution proposing a constitutional amendment to increase the exemption amount for residence homesteads from ad valorem taxation by school districts. The bill aims to adjust the limitation on school district ad valorem taxes for the elderly and disabled, ensuring that the changes reflect the increased exemption amounts. Specifically, it proposes raising the current exemption from $40,000 to $100,000, thereby enhancing financial relief for homeowners within this demographic. This change is particularly significant for individuals aged 65 and older, as well as disabled persons, providing them with greater protection against rising property taxes.

Sentiment

The sentiment surrounding HJR115 appears to be favorable, particularly among advocacy groups focused on senior and disabled rights. Supporters of the bill view it as a critical step in ensuring that those most vulnerable to economic distress receive necessary tax relief and support. However, during the discussions about the bill, there were concerns raised regarding the potential impact on school funding, especially since the increased exemptions might result in reduced revenue for school districts that rely on these taxes for operational costs.

Contention

Notable points of contention involve the balance between providing tax relief to homeowners and ensuring adequate funding for public schools. Opponents argue that while the intent behind HJR115 is admirable, it may lead to decreased financial resources for local school districts, ultimately impacting educational services. Discussions around the bill highlight a broader debate about taxing policies in Texas and the ongoing challenges of meeting the educational needs of students while addressing the financial concerns of residents, especially during times of economic uncertainty.