88R11006 DRS-D
By: Campos H.J.R. No. 179
A JOINT RESOLUTION
proposing a constitutional amendment to authorize the legislature
to limit the maximum appraised value for ad valorem tax purposes and
exempt from ad valorem taxation a portion of the market value of
rental real property that primarily serves as the residence of the
occupants of the property.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1, Article VIII, Texas Constitution, is
amended by adding Subsection (i-2) to read as follows:
(i-2) Notwithstanding Subsections (a) and (b) of this
section, the Legislature by general law may limit the maximum
appraised value for ad valorem taxation of rental real property
that primarily serves as the residence of the occupants of the
property to the lesser of the most recent market value of the
property as determined by the appraisal entity or 110 percent, or a
greater percentage, of the appraised value of the property for the
preceding tax year. This subsection does not apply to a residence
homestead to which Subsection (i) of this section applies.
SECTION 2. Article VIII, Texas Constitution, is amended by
adding Section 1-b-3 to read as follows:
Sec. 1-b-3. The legislature by general law may exempt from
ad valorem taxation by a school district a portion of the appraised
value of rental real property that primarily serves as the
residence of the occupants of the property. Where ad valorem tax of
a school district has previously been pledged for the payment of
debt, the taxing officers of the district may continue to levy and
collect the tax against the value of real property exempted under
this section until the debt is discharged if the cessation of the
levy would impair the obligation of the contract by which the debt
was created. The legislature by general law may prescribe
additional eligibility requirements for the exemption authorized
by this section.
SECTION 3. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 7,
2023. The ballot shall be printed to permit voting for or against
the proposition: "The constitutional amendment to authorize the
legislature to limit the maximum appraised value for ad valorem tax
purposes and to exempt from ad valorem taxation a portion of the
market value of rental real property that primarily serves as the
residence of the occupants of the property."