| 1 | 1 | | 89R391 TJB-D |
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| 2 | 2 | | By: Miles S.J.R. No. 83 |
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| 3 | 3 | | |
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| 4 | 4 | | |
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| 5 | 5 | | |
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| 6 | 6 | | |
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| 7 | 7 | | A JOINT RESOLUTION |
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| 8 | 8 | | proposing a constitutional amendment to authorize the legislature |
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| 9 | 9 | | to provide for the continuation of a limitation on the maximum |
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| 10 | 10 | | appraised value of a residence homestead for ad valorem tax |
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| 11 | 11 | | purposes if the property is acquired by and qualifies as the |
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| 12 | 12 | | homestead of an heir of the owner or the owner's spouse or surviving |
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| 13 | 13 | | spouse. |
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| 14 | 14 | | BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 15 | 15 | | SECTION 1. Section 1(i), Article VIII, Texas Constitution, |
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| 16 | 16 | | is amended to read as follows: |
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| 17 | 17 | | (i) Notwithstanding Subsections (a) and (b) of this |
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| 18 | 18 | | section, the Legislature by general law may limit the maximum |
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| 19 | 19 | | appraised value of a residence homestead for ad valorem tax |
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| 20 | 20 | | purposes in a tax year to the lesser of the most recent market value |
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| 21 | 21 | | of the residence homestead as determined by the appraisal entity or |
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| 22 | 22 | | 110 percent, or a greater percentage, of the appraised value of the |
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| 23 | 23 | | residence homestead for the preceding tax year. A limitation on |
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| 24 | 24 | | appraised values authorized by this subsection: |
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| 25 | 25 | | (1) takes effect as to a residence homestead on the |
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| 26 | 26 | | later of the effective date of the law imposing the limitation or |
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| 27 | 27 | | January 1 of the tax year following the first tax year the owner |
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| 28 | 28 | | qualifies the property for an exemption under Section 1-b of this |
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| 29 | 29 | | article; and |
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| 30 | 30 | | (2) expires on January 1 of the first tax year that |
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| 31 | 31 | | none of the following individuals qualify for an exemption under |
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| 32 | 32 | | Section 1-b of this article with respect to the property: |
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| 33 | 33 | | (A) [neither] the owner of the property when the |
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| 34 | 34 | | limitation took effect; |
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| 35 | 35 | | (B) [nor] the owner's spouse or surviving spouse; |
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| 36 | 36 | | or |
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| 37 | 37 | | (C) the first heir of an individual described by |
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| 38 | 38 | | Paragraph (A) or (B) of this subdivision to acquire the property |
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| 39 | 39 | | [qualifies for an exemption under Section 1-b of this article]. |
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| 40 | 40 | | SECTION 2. This proposed constitutional amendment shall be |
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| 41 | 41 | | submitted to the voters at an election to be held November 4, 2025. |
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| 42 | 42 | | The ballot shall be printed to permit voting for or against the |
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| 43 | 43 | | proposition: "The constitutional amendment to authorize the |
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| 44 | 44 | | legislature to provide for the continuation of a limitation on the |
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| 45 | 45 | | maximum appraised value of a residence homestead for ad valorem tax |
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| 46 | 46 | | purposes if the property is acquired by and qualifies as the |
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| 47 | 47 | | homestead of an heir of the owner or the owner's spouse or surviving |
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| 48 | 48 | | spouse." |
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