Proposing a constitutional amendment providing that a residence homestead is not subject to seizure or sale for delinquent ad valorem taxes.
Impact
If passed, HJR71 would amend Sections 13 and 15 of Article VIII of the Texas Constitution, ensuring that a residence homestead is exempt from seizure for delinquent taxes. This would create a new class of protection for homeowners, allowing them to retain their primary residences irrespective of tax debts. The resolution emphasizes the need for equitable treatment of property owners and aims to safeguard families from losing their homes during economic hardship, thereby enhancing legal and personal security for Texas residents.
Summary
HJR71 proposes a significant amendment to the Texas Constitution regarding the treatment of residential homesteads in relation to delinquent ad valorem taxes. The primary focus of the bill is to prevent the seizure and sale of a homestead for failure to pay such taxes, directly altering the legal landscape surrounding property ownership in Texas. This proposed change underscores a shift towards providing greater protections for homeowners, particularly in times of financial distress.
Contention
The amendment may also spark contention regarding its implications on local government revenues and tax enforcement capabilities. Critics may argue that such protections could adversely affect local municipalities' abilities to collect taxes and fund essential services, leading to broader economic issues. Proponents of HJR71, however, argue that protecting homes from tax-related seizures is a necessary evolution of state law, particularly in light of the rising economic challenges faced by families across Texas.
Proposing a constitutional amendment providing that real property not held for profit that is used exclusively for human burial is not subject to seizure or sale for delinquent ad valorem taxes.
Proposing a constitutional amendment to remove the requirement that a home equity loan be closed only at the office of the lender, an attorney at law, or a title company.
Proposing a constitutional amendment authorizing the legislature to provide for exceptions to the requirement that a home equity loan be closed only at the office of the lender, an attorney at law, or a title company.
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.
Relating to limitations on increases in the appraised value for ad valorem tax purposes of residence homesteads and single-family residences other than residence homesteads.
Relating to limitations on increases in the appraised value for ad valorem tax purposes of residence homesteads and single-family residences other than residence homesteads.
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 authorize the making of a reverse mortgage loan for the purchase of homestead property and to amend certain requirements in connection with a reverse mortgage loan.