Proposing a constitutional amendment authorizing the legislature to limit the total amount of ad valorem taxes that a school district may impose on certain residence homesteads following a substantial school tax increase.
Impact
If enacted, HJR68 would amend Article VIII of the Texas Constitution by adding Section 1-b-2. The implications of this bill include a significant alteration to how property taxes are levied on long-term residents, potentially providing financial relief to individuals who may otherwise face steep increases due to rising school district tax rates. This could encourage stability among homeowners, contributing to community continuity and preventing displacement due to unaffordable tax obligations stemming from periodic school district budget adjustments.
Summary
HJR68 is a proposed constitutional amendment that allows the Texas legislature to impose limits on the amount of ad valorem taxes that a school district may levy on specific residence homesteads, particularly in instances of significant tax increases. Specifically, the bill targets properties that have been qualified as homesteads by the same owner for at least 15 consecutive tax years, provided there has been a tax increase of at least 120% within that timeframe. This measure aims to protect long-term homeowners from substantial increases in their property taxes, which can lead to financial strain and potential displacement.
Contention
Debate surrounding HJR68 may arise from concerns regarding local funding for education and how restricting property tax increases could influence school budgets. Critics may argue that limiting the ability of school districts to raise funds through property taxes could exacerbate existing funding challenges, especially in districts that are already under-resourced. Proponents, on the other hand, argue that the bill helps protect vulnerable homeowners from unaffordable tax increases, balancing the need for public funding with the realities faced by long-standing residents trying to remain in their homes.
Enabled by
Relating to a limitation on the total amount of ad valorem taxes that a school district may impose on certain residence homesteads following a substantial school tax increase.
Relating to a limitation on the total amount of ad valorem taxes that a school district may impose on certain residence homesteads following a substantial school tax increase.
Proposing a constitutional amendment authorizing the legislature to limit the total amount of ad valorem taxes that a school district may impose on the residence homestead of an individual and the surviving spouse of the individual if the individual qualifies the property as the individual's residence homestead for 15 consecutive tax years and the school taxes on the property increase by at least 120 percent during that period.
Proposing a constitutional amendment providing for an adjustment of the limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of a person who is elderly or disabled to reflect the most recent increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district.
Proposing a constitutional amendment to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district and to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in the exemption amount.
Proposing a constitutional amendment to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district and to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in the exemption amount.
Proposing a constitutional amendment to increase the amount of the exemption from ad valorem taxation by a school district applicable to residence homesteads, to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts, and to except certain appropriations to pay for school district ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.
Proposing a constitutional amendment to increase the amount of the exemption from ad valorem taxation by a school district applicable to residence homesteads, to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts, and to except certain appropriations to pay for school district ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.
Proposing a constitutional amendment authorizing the legislature to limit the total amount of ad valorem taxes that a school district may impose on the residence homestead of an individual and the surviving spouse of the individual if the individual qualifies the property as the individual's residence homestead for at least 20 consecutive tax years.
Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of real property for ad valorem tax purposes, to increase the amount of an exemption from ad valorem taxation by a school district applicable to residence homesteads, to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts, and to except certain appropriations to pay for ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.
Proposing a constitutional amendment establishing a limitation on the total amount of ad valorem taxes that a county may impose on the residence homesteads of persons who are disabled or elderly and their surviving spouses.