Texas 2023 - 88th Regular

Texas House Bill HJR55 Compare Versions

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1	1	By: Schatzline H.J.R. No. 55
2	2
3	3
4	4	A JOINT RESOLUTION
5	5	proposing a constitutional amendment to authorize the legislature
6	6	to establish a lower limit on the maximum appraised value of
7	7	residence homesteads for ad valorem tax purposes and to establish a
8	8	limit on the value of single-family residences other than residence
9	9	homesteads for those purposes.
10	10	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
11	11	SECTION 1. Section 1, Article VIII, Texas Constitution, is
12	12	amended by amending Subsection (i) and adding Subsection (l) to
13	13	read as follows:
14	14	(i) Notwithstanding Subsections (a) and (b) of this
15	15	section, the Legislature by general law may limit the maximum
16	16	appraised value of a residence homestead for ad valorem tax
17	17	purposes in a tax year to the lesser of the most recent market value
18	18	of the residence homestead as determined by the appraisal entity or
19	19	105 [110] percent, or a greater percentage, of the appraised value
20	20	of the residence homestead for the preceding tax year. A limitation
21	21	on appraised values authorized by this subsection:
22	22	(1) takes effect as to a residence homestead on the
23	23	later of the effective date of the law imposing the limitation or
24	24	January 1 of the tax year following the first tax year the owner
25	25	qualifies the property for an exemption under Section 1-b of this
26	26	article; and
27	27	(2) expires on January 1 of the first tax year that
28	28	neither the owner of the property when the limitation took effect
29	29	nor the owner's spouse or surviving spouse qualifies for an
30	30	exemption under Section 1-b of this article.
31	31	(l) Notwithstanding Subsections (a) and (b) of this
32	32	section, the Legislature by general law may limit the maximum
33	33	appraised value of a single-family residence other than a residence
34	34	homestead for ad valorem tax purposes in a tax year to the lesser of
35	35	the most recent market value of the property as determined by the
36	36	appraisal entity or 110 percent, or a greater percentage, of the
37	37	appraised value of the property for the preceding tax year. A
38	38	limitation on appraised values authorized by this subsection:
39	39	(1) takes effect as to a single-family residence on
40	40	the later of the effective date of the law imposing the limitation
41	41	or January 1 of the tax year following the first tax year in which
42	42	the owner owns the property on January 1 and in which the property
43	43	is used as a single-family residence; and
44	44	(2) expires on January 1 of the tax year following the
45	45	tax year in which the owner of the property ceases to own the
46	46	property or the property ceases to be used as a single-family
47	47	residence.
48	48	SECTION 2. This proposed constitutional amendment shall be
49	49	submitted to the voters at an election to be held November 7, 2023.
50	50	The ballot shall be printed to provide for voting for or against the
51	51	proposition: "The constitutional amendment to authorize the
52	52	legislature to limit the maximum appraised value of a residence
53	53	homestead for ad valorem tax purposes to 105 percent or more of the
54	54	appraised value of the property for the preceding tax year and to
55	55	limit the maximum appraised value of a single-family residence
56	56	other than a residence homestead for those purposes to 110 percent
57	57	or more of the appraised value of the property for the preceding tax
58	58	year."