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, HJR19 would amend Article VIII of the Texas Constitution, specifically relating to property taxation laws. By allowing the legislature to impose a maximum appraised value for homesteads, this bill could significantly shift tax responsibilities and assessments, potentially easing the financial burden on many homeowners. The amendment is positioned to take effect in conjunction with existing property tax exemption laws, further aiming to secure benefits for eligible property owners. As the newly set maximum appraised value may only minimally exceed previous year valuations, this could stabilize or reduce tax bills for many residents.
Summary
HJR19 proposes a constitutional amendment in Texas that would enable the legislature to set a lower limit on the maximum appraised value of a homestead for ad valorem taxation. This amendment aims to provide property owners, particularly those on fixed incomes or facing economic hardship, with some financial relief by restricting the ability of appraisal entities to increase the taxable value of residential properties beyond a certain percentage, which is proposed to be at least 105% of the previous year's appraisal. The amendment reflects an ongoing effort to make housing more affordable for Texans, especially as property values have surged in recent years.
Contention
Despite its intent to provide tax relief, HJR19 may generate debate among various stakeholders, including local governments that rely on property tax revenues. Detractors of the proposal could raise concerns that limiting appraised values may hinder the ability of municipalities to fund essential services, potentially affecting public safety, education, and infrastructure. Furthermore, there may be arguments regarding the adequacy of the 105% threshold, with some advocating for stricter limits to further protect vulnerable homeowners, while others might view it as insufficient in the context of rising housing costs.
Voting_historical_context
The amendment is slated to be presented to voters at the upcoming election on May 2, 2026, inviting public opinion on the potential changes to constitutional property tax laws. The outcome of this vote will be closely observed, reflecting broader attitudes towards taxation, property ownership, and government regulation within the state.
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.