Proposing a constitutional amendment to authorize the legislature to establish a limit on the maximum appraised value of real property other than a residence homestead for ad valorem tax purposes.
Impact
If enacted, SJR53 would amend Article VIII of the Texas Constitution, specifically Section 1. The change would empower lawmakers to implement limits that could help mitigate sharp increases in non-residential property taxes. Proponents argue that this move could shield property owners from excessive tax burdens and provide more predictable tax liabilities, thereby encouraging economic stability. Conversely, critics of the bill may express concerns regarding its implementation and the potential impacts on state revenue from property taxes, which could affect funding for public services.
Summary
SJR53 proposes a constitutional amendment to allow the Texas legislature to set a limit on the maximum appraised value of real property, excluding residences, for ad valorem tax purposes. The proposed limit states that the appraised value can be capped at the lesser of the most recent market value determined by appraisal entities or 115% of the appraised value for the previous tax year. The intention behind this amendment is to provide the legislature with additional flexibility in managing the appraisal process and potentially controlling property tax increases for non-residential properties.
Sentiment
The sentiment surrounding SJR53 appears mixed. Supporters laud the bill as a necessary fiscal measure that would protect property owners from abrupt increases in their tax assessments. They argue that it represents a commitment from the state to maintain manageable financial obligations for property owners. On the other hand, opponents could view this amendment as an unnecessary expansion of legislative power, suggesting that it could disrupt the balance of funding for local governments and essential services that rely on property tax revenue.
Contention
Notable points of contention regarding SJR53 may stem from its implications on local autonomy and state revenue structures. While the bill aims to ease financial burdens on property owners, opponents may question whether limiting the appraisal value could lead to shortfalls in local tax revenues, impacting public services like education and infrastructure. This could result in a debate about the balance between local governance and state oversight, with differing opinions on the best approach to managing property taxes in Texas.
Proposing a constitutional amendment to authorize the legislature to establish a limit on the maximum appraised value of real property other than a residence homestead for ad valorem tax purposes.
Proposing a constitutional amendment to authorize the legislature to establish a limit on the maximum appraised value of real property other than a residence homestead for ad valorem tax purposes.
Proposing a constitutional amendment to authorize the legislature to establish a lower limit on the maximum appraised value of residence homesteads for ad valorem tax purposes and to establish a limit on the value of other real property for those purposes.
Proposing a constitutional amendment to authorize the legislature to set lower limits on the maximum appraised value of residence homesteads and of real property other than a residence homestead for ad valorem tax purposes and to make permanent the limit on the maximum appraised value of real property other than a residence homestead.
Proposing a constitutional amendment to authorize the legislature to set lower limits on the maximum appraised value of residence homesteads and of real property other than a residence homestead for ad valorem tax purposes and to make permanent the limit on the maximum appraised value of real property other than a residence homestead.
Proposing a constitutional amendment to authorize the legislature to establish a lower limit on the maximum appraised value of residence homesteads for ad valorem tax purposes and to establish a limit on the value of single-family residences other than residence homesteads for those purposes.
Proposing a constitutional amendment to authorize the legislature to establish a lower limit on the maximum appraised value of residence homesteads for ad valorem tax purposes and to establish a limit on the value of single-family residences other than residence homesteads for those purposes.
Proposing a constitutional amendment to authorize the legislature to establish a lower limit on the maximum appraised value of residence homesteads for ad valorem tax purposes and to establish a limit on the value of single-family residences other than residence homesteads for those purposes.
Proposing a constitutional amendment to authorize the legislature to establish a lower limit on the maximum appraised value of residence homesteads for ad valorem tax purposes and to establish a limit on the value of single-family residences other than residence homesteads for those purposes.
Proposing a constitutional amendment to authorize the legislature to establish a lower limit on the maximum appraised value of residence homesteads for ad valorem tax purposes and to establish a limit on the value of single-family residences other than residence homesteads for those purposes.