Texas House Bill HJR29

Texas 2025 - 89th 1st C.S.

• Filed: 7/30/25

Caption

Proposing a constitutional amendment to authorize the legislature to make permanent the limit on the maximum appraised value of real property other than a residence homestead for ad valorem tax purposes.

Impact

The proposed amendment is significant as it would directly alter the constitutional provisions governing property appraisals. By allowing the legislature to impose a permanent limit, it could lead to a more controlled taxation environment, which some stakeholders believe is essential for fostering business growth and attracting investments. The amendment's success, pending voter approval in the upcoming election slated for May 2, 2026, will depend on public sentiment regarding property taxation and its implications on local funding sources, particularly for schools and infrastructure.

Summary

HJR29 proposes a constitutional amendment that empowers the Texas legislature to make permanent the limit on the maximum appraised value of real property, excluding residential homesteads, for ad valorem tax purposes. This resolution aims to solidify the cap on property appraisals, which could stabilize tax obligations for businesses and non-residential properties against fluctuating market values. The potential for increased predictability in property taxes may be viewed as beneficial for business planning and development across the state.

Contention

Debate surrounding HJR29 is likely to center on the balance between providing financial predictability for property owners and ensuring adequate funding for public services. Proponents argue that a permanent limit would protect property owners from sudden increases in tax assessments driven by market volatility. Conversely, opponents may express concern that restricting tax revenues could impede the ability of local governments to meet their fiscal needs. This dynamic constitutes a central point in the discussion about property taxes in Texas, where local funding is crucial for various public services.