Texas House Bill HJR42

Texas 2025 - 89th Regular

• Filed: 11/12/24

Caption

Proposing a constitutional amendment establishing a limitation on the total amount of ad valorem taxes that certain political subdivisions may impose on the residence homesteads of persons who are disabled or elderly and their surviving spouses.

Impact

If enacted, HJR42 would significantly affect state and local tax laws by limiting the power of local governments to adjust property taxes for qualifying residents. The resolution would amend Section 1-b(h) of Article VIII of the Texas Constitution, essentially creating a uniform tax limitation applicable to individuals aged 65 and older or those with disabilities who own a homestead. This may result in less revenue for local governments while providing greater financial stability for those beneficiaries during their retirement years.

Summary

HJR42 is a proposed joint resolution that seeks to amend the Texas Constitution by establishing a limitation on the amount of ad valorem taxes that certain political subdivisions, such as counties and cities, can impose on the residence homesteads of individuals who are elderly or disabled, as well as their surviving spouses. The bill aims to protect these vulnerable groups from rising property taxes, ensuring that the total tax burden on their primary residence does not increase as long as they qualify for the exemption. This comes in response to concerns over housing affordability, namely for those on fixed incomes or experiencing financial difficulties due to disabilities.

Contention

While HJR42 is generally aimed at protecting seniors and disabled individuals, there are points of contention surrounding its potential impacts on local government budgets and services. Opponents of the bill may argue that such tax limitations could lead to decreased funding for essential public services, as local entities may struggle with budgetary constraints if unable to adequately adjust tax rates to meet their financial needs. Additionally, discussions may arise regarding the fairness of imposing tax caps, considering various local economic conditions and property values.