89R391 TJB-D
By: Miles S.J.R. No. 83
A JOINT RESOLUTION
proposing a constitutional amendment to authorize the legislature
to provide for the continuation of a limitation on the maximum
appraised value of a residence homestead for ad valorem tax
purposes if the property is acquired by and qualifies as the
homestead of an heir of the owner or the owner's spouse or surviving
spouse.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1(i), Article VIII, Texas Constitution,
is amended to read as follows:
(i) Notwithstanding Subsections (a) and (b) of this
section, the Legislature by general law may limit the maximum
appraised value of a residence homestead for ad valorem tax
purposes in a tax year to the lesser of the most recent market value
of the residence homestead as determined by the appraisal entity or
110 percent, or a greater percentage, of the appraised value of the
residence homestead for the preceding tax year. A limitation on
appraised values authorized by this subsection:
(1) takes effect as to a residence homestead on the
later of the effective date of the law imposing the limitation or
January 1 of the tax year following the first tax year the owner
qualifies the property for an exemption under Section 1-b of this
article; and
(2) expires on January 1 of the first tax year that
none of the following individuals qualify for an exemption under
Section 1-b of this article with respect to the property:
(A) [neither] the owner of the property when the
limitation took effect;
(B) [nor] the owner's spouse or surviving spouse;
or
(C) the first heir of an individual described by
Paragraph (A) or (B) of this subdivision to acquire the property
[qualifies for an exemption under Section 1-b of this article].
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 4, 2025.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment to authorize the
legislature to provide for the continuation of a limitation on the
maximum appraised value of a residence homestead for ad valorem tax
purposes if the property is acquired by and qualifies as the
homestead of an heir of the owner or the owner's spouse or surviving
spouse."