Texas 2025 - 89th Regular

Texas House Bill HJR178 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	89R14249 LHC-D
2	2	By: Vasut H.J.R. No. 178
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7	7	A JOINT RESOLUTION
8	8	proposing a constitutional amendment authorizing the legislature
9	9	to provide that the appraised value of a parcel of single-family
10	10	residential real property for ad valorem tax purposes for the first
11	11	tax year in which the owner owns the property on January 1 is the
12	12	market value of the property and that, if the owner purchased the
13	13	property, the purchase price of the property is considered to be the
14	14	market value of the property for that tax year and to limit
15	15	increases in the appraised value of the property for subsequent tax
16	16	years based on the inflation and population growth rates.
17	17	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
18	18	SECTION 1. Section 1, Article VIII, Texas Constitution, is
19	19	amended by amending Subsections (i) and (n) and adding Subsections
20	20	(i-1), (i-2), (i-3), (i-4), and (i-5) to read as follows:
21	21	(i) The Legislature by general law may provide that the
22	22	appraised value of a parcel of single-family residential real
23	23	property for ad valorem tax purposes for the first tax year in which
24	24	the owner owns the property on January 1 is the market value of the
25	25	property and that, if the owner acquired the property as a bona fide
26	26	purchaser for value, the purchase price of the property paid by the
27	27	owner is considered to be the market value of the property for that
28	28	tax year. Notwithstanding Subsections (a) and (b) of this section,
29	29	a general law enacted under this subsection may provide that the
30	30	appraised value of the property for each subsequent tax year until
31	31	the tax year in which the limitation authorized by the general law
32	32	expires is equal to the appraised value of the property for ad
33	33	valorem tax purposes for the preceding tax year as increased by the
34	34	appraisal entity for the current tax year to reflect the sum of the
35	35	inflation rate and the population growth rate of this state
36	36	[Notwithstanding Subsections (a) and (b) of this section, the
37	37	Legislature by general law may limit the maximum appraised value of
38	38	a residence homestead for ad valorem tax purposes in a tax year to
39	39	the lesser of the most recent market value of the residence
40	40	homestead as determined by the appraisal entity or 110 percent, or a
41	41	greater percentage, of the appraised value of the residence
42	42	homestead for the preceding tax year]. A limitation on appraised
43	43	values authorized by this subsection:
44	44	(1) takes effect on January 1 of the first tax year in
45	45	which the owner owns the property on January 1 [as to a residence
46	46	homestead on the later of the effective date of the law imposing the
47	47	limitation or January 1 of the tax year following the first tax year
48	48	the owner qualifies the property for an exemption under Section 1-b
49	49	of this article]; and
50	50	(2) expires on January 1 of the [first] tax year
51	51	following the tax year in which [that neither] the owner of the
52	52	property when the limitation took effect ceases to own the
53	53	property, except that:
54	54	(A) the Legislature by general law may provide
55	55	for the limitation applicable to a residence homestead to continue
56	56	during ownership of the property by [nor] the owner's spouse or
57	57	surviving spouse; and
58	58	(B) a limitation established under this
59	59	subsection does not expire if a change in ownership of the property
60	60	occurs by inheritance or under a will as long as the person who
61	61	acquires the property qualifies for an exemption under Section 1-b
62	62	of this article.
63	63	(i-1) A general law enacted under Subsection (i) of this
64	64	section may provide that, for each tax year, the comptroller of
65	65	public accounts shall determine and publicize the percentage by
66	66	which the appraised value of single-family residential real
67	67	property in this state may be increased under Subsection (i) of this
68	68	section. The comptroller shall determine the percentage by which
69	69	the appraised value may be increased by calculating the sum of:
70	70	(1) the inflation rate, expressed as a percentage; and
71	71	(2) the growth rate of the population of this state for
72	72	the preceding year, expressed as a percentage.
73	73	(i-2) Each appraisal entity shall use the percentage
74	74	determined by the comptroller under Subsection (i-1) of this
75	75	section to determine the appraised value under Subsection (i) of
76	76	this section of single-family residential real property appraised
77	77	by that appraisal entity.
78	78	(i-3) A general law enacted under Subsection (i) of this
79	79	section may provide that if the first tax year an owner of
80	80	single-family residential real property owned the property on
81	81	January 1 was a tax year before the tax year in which the general law
82	82	took effect:
83	83	(1) the property owner is considered to have acquired
84	84	the property on January 1 of the tax year preceding the tax year in
85	85	which the general law took effect; and
86	86	(2) the appraised value of the property as shown on the
87	87	appraisal roll of the appraisal entity for the tax year preceding
88	88	the tax year in which the general law took effect is considered to
89	89	be the market value of the property for that tax year for purposes
90	90	of Subsection (i) of this section.
91	91	(i-4) For purposes of Subsection (i) of this section, the
92	92	Legislature by general law may define single-family residential
93	93	real property, which may include a manufactured or mobile home used
94	94	as a dwelling.
95	95	(i-5) The Legislature by general law may define "inflation
96	96	rate" for purposes of Subsections (i) and (i-1) of this section.
97	97	(n) This subsection does not apply to a parcel of
98	98	single-family residential real property [residence homestead] to
99	99	which Subsection (i) of this section applies. Notwithstanding
100	100	Subsections (a) and (b) of this section, the Legislature by general
101	101	law may limit the maximum appraised value of real property for ad
102	102	valorem tax purposes in a tax year to the lesser of the most recent
103	103	market value of the property as determined by the appraisal entity
104	104	or 120 percent, or a greater percentage, of the appraised value of
105	105	the property for the preceding tax year. The general law enacted
106	106	under this subsection may prescribe additional eligibility
107	107	requirements for the limitation on appraised values authorized by
108	108	this subsection. A limitation on appraised values authorized by
109	109	this subsection:
110	110	(1) takes effect as to a parcel of real property
111	111	described by this subsection on the later of the effective date of
112	112	the law imposing the limitation or January 1 of the tax year
113	113	following the first tax year in which the owner owns the property on
114	114	January 1; and
115	115	(2) expires on January 1 of the tax year following the
116	116	tax year in which the owner of the property ceases to own the
117	117	property.
118	118	SECTION 2. This proposed constitutional amendment shall be
119	119	submitted to the voters at an election to be held November 4, 2025.
120	120	The ballot shall be printed to permit voting for or against the
121	121	proposition: "The constitutional amendment authorizing the
122	122	legislature to provide that the appraised value of a parcel of
123	123	single-family residential real property for ad valorem tax purposes
124	124	for the first tax year in which the owner of the property owns the
125	125	property on January 1 is the market value of the property and that,
126	126	if the owner purchased the property, the purchase price of the
127	127	property is considered to be the market value of the property for
128	128	that tax year and to limit increases in the appraised value of the
129	129	property for subsequent tax years based on the inflation and
130	130	population growth rates."