Texas 2025 - 89th Regular

Texas House Bill HJR56 Compare Versions

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

Old	New	Differences
1	1	89R458 DRS-D
2	2	By: Tepper H.J.R. No. 56
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7	7	A JOINT RESOLUTION
8	8	proposing a constitutional amendment to authorize the legislature
9	9	to set lower limits on the maximum appraised value of residence
10	10	homesteads and of real property other than a residence homestead
11	11	for ad valorem tax purposes and to make permanent the limit on the
12	12	maximum appraised value of real property other than a residence
13	13	homestead.
14	14	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
15	15	SECTION 1. Sections 1(i) and (n), Article VIII, Texas
16	16	Constitution, are amended to read as follows:
17	17	(i) Notwithstanding Subsections (a) and (b) of this
18	18	section, the Legislature by general law may limit the maximum
19	19	appraised value of a residence homestead for ad valorem tax
20	20	purposes in a tax year to the lesser of the most recent market value
21	21	of the residence homestead as determined by the appraisal entity or
22	22	102.5 [110] percent, or a greater percentage, of the appraised
23	23	value of the residence homestead for the preceding tax year. A
24	24	limitation on appraised values authorized by this subsection:
25	25	(1) takes effect as to a residence homestead on the
26	26	later of the effective date of the law imposing the limitation or
27	27	January 1 of the tax year following the first tax year the owner
28	28	qualifies the property for an exemption under Section 1-b of this
29	29	article; and
30	30	(2) expires on January 1 of the first tax year that
31	31	neither the owner of the property when the limitation took effect
32	32	nor the owner's spouse or surviving spouse qualifies for an
33	33	exemption under Section 1-b of this article.
34	34	(n) This subsection does not apply to a residence homestead
35	35	to which Subsection (i) of this section applies. Notwithstanding
36	36	Subsections (a) and (b) of this section, the Legislature by general
37	37	law may limit the maximum appraised value of real property for ad
38	38	valorem tax purposes in a tax year to the lesser of the most recent
39	39	market value of the property as determined by the appraisal entity
40	40	or 108 [120] percent, or a greater percentage, of the appraised
41	41	value of the property for the preceding tax year. The general law
42	42	enacted under this subsection may prescribe additional eligibility
43	43	requirements for the limitation on appraised values authorized by
44	44	this subsection. A limitation on appraised values authorized by
45	45	this subsection:
46	46	(1) takes effect as to a parcel of real property
47	47	described by this subsection on the later of the effective date of
48	48	the law imposing the limitation or January 1 of the tax year
49	49	following the first tax year in which the owner owns the property on
50	50	January 1; and
51	51	(2) expires on January 1 of the tax year following the
52	52	tax year in which the owner of the property ceases to own the
53	53	property.
54	54	SECTION 2. Section 1(n-1), Article VIII, Texas
55	55	Constitution, is repealed.
56	56	SECTION 3. This proposed constitutional amendment shall be
57	57	submitted to the voters at an election to be held November 4, 2025.
58	58	The ballot shall be printed to permit voting for or against the
59	59	proposition: "The constitutional amendment to authorize the
60	60	legislature to set lower limits on the maximum appraised value of
61	61	residence homesteads and of real property other than a residence
62	62	homestead for ad valorem tax purposes and to make permanent the
63	63	limit on the maximum appraised value of real property other than a
64	64	residence homestead."