Bill Text: TX HJR11 | 2011-2012 | 82nd Legislature | Introduced
Bill Title: Proposing a constitutional amendment authorizing the legislature to limit the maximum appraised value of certain residence homesteads for ad valorem tax purposes to the purchase price of the property and to limit the frequency of reappraisals of residence homesteads.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2011-03-18 - Referred to Ways & Means [HJR11 Detail]
Download: Texas-2011-HJR11-Introduced.html
| 82R12230 CJC-D | ||
| By: Farias | H.J.R. No. 11 | |
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| proposing a constitutional amendment authorizing the legislature | ||
| to limit the maximum appraised value of certain residence | ||
| homesteads for ad valorem tax purposes to the purchase price of the | ||
| property and to limit the frequency of reappraisals of residence | ||
| homesteads. | ||
| BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 1, Article VIII, Texas Constitution, is | ||
| amended by adding Subsections (k) and (l) to read as follows: | ||
| (k) Notwithstanding Subsections (a), (b), and (i) of this | ||
| section, for the tax year following the year in which the property | ||
| was purchased, the Legislature by general law may limit the maximum | ||
| appraised value of a residence homestead for ad valorem tax | ||
| purposes to an amount that is less than the appraised value | ||
| otherwise provided by law, but not less than the amount that the | ||
| owner of the residence homestead paid for the property. The | ||
| applicability of a general law enacted under this subsection must | ||
| be limited to a bona fide purchaser for value of a property who | ||
| qualifies the property for an exemption under Section 1-b of this | ||
| article for the tax year following the year in which the person | ||
| purchased the property and who applies for the limitation on | ||
| appraised value under this subsection in the manner provided by | ||
| law. The Legislature may prescribe or delegate to an appropriate | ||
| public official or entity the authority to prescribe standards and | ||
| procedures to administer a law enacted under this subsection, | ||
| including criteria to be used to determine whether a person was a | ||
| bona fide purchaser for value of a property. | ||
| (l) Notwithstanding Subsections (a), (b), and (i) of this | ||
| section, the Legislature by general law may limit the frequency | ||
| with which a residence homestead may be reappraised for ad valorem | ||
| tax purposes. | ||
| SECTION 2. The following temporary provision is added to | ||
| the Texas Constitution: | ||
| TEMPORARY PROVISION. (a) This temporary provision applies | ||
| to the constitutional amendment proposed by the 82nd Legislature, | ||
| Regular Session, 2011, to authorize the legislature to limit the | ||
| maximum appraised value of certain residence homesteads for ad | ||
| valorem tax purposes to the purchase price of the property and to | ||
| limit the frequency of reappraisals of residence homesteads. | ||
| (b) Sections 1(k) and (l), Article VIII, of this | ||
| constitution take effect January 1, 2012, and apply only to a tax | ||
| year that begins on or after that date. | ||
| (c) This temporary provision expires January 1, 2013. | ||
| SECTION 3. This proposed constitutional amendment shall be | ||
| submitted to the voters at an election to be held November 8, 2011. | ||
| The ballot shall be printed to permit voting for or against the | ||
| proposition: "The constitutional amendment authorizing the | ||
| legislature to limit the maximum appraised value of certain | ||
| residence homesteads for ad valorem tax purposes to the purchase | ||
| price of the property and to limit the frequency of reappraisals of | ||
| residence homesteads." | ||
