Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Impact
If passed, HJR18 would amend Section 1(i), Article VIII of the Texas Constitution to permit the legislature to limit the maximum appraised value for homesteads to either the most recent market value or 102% (or a greater percentage) of the appraised value from the previous year. This could lead to a more predictable property tax environment for homeowners and could help stabilize housing costs, especially for those on fixed incomes or in slower-growing markets.
Summary
HJR18 is a joint resolution proposing a constitutional amendment that aims to authorize the Texas legislature to establish a lower limit on the maximum appraised value of a residential homestead for ad valorem taxation purposes. This proposed amendment seeks to provide property owners with relief from significant tax increases by allowing the legislature to set a cap on property appraisals, thus potentially protecting homeowners from rising tax burdens as market values fluctuate.
Contention
While proponents of HJR18 argue that it will provide much-needed tax relief to Texas homeowners, critics might express concerns about the implications for state revenues and the overall funding for public services that rely on property tax revenues. There could also be debate regarding the fairness of such limits, particularly whether they benefit all residents equally or disproportionately favor certain demographics over others. The resolution is set to be submitted for voter approval at an election on May 2, 2026, which will further gauge public sentiment towards these proposed changes.
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.