Bill Text: TX HJR147 | 2025-2026 | 89th Legislature | Introduced
Bill Title: Proposing a constitutional amendment to authorize the legislature to provide for a limitation on the maximum appraised value for ad valorem tax purposes of residential real property leased to an elderly person.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2025-03-19 - Referred to s/c on Property Tax Appraisals by Speaker [HJR147 Detail]
Download: Texas-2025-HJR147-Introduced.html
| 89R14558 LHC-D | ||
| By: Bhojani | H.J.R. No. 147 | |
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| proposing a constitutional amendment to authorize the legislature | ||
| to provide for a limitation on the maximum appraised value for ad | ||
| valorem tax purposes of residential real property leased to an | ||
| elderly person. | ||
| BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 1, Article VIII, Texas Constitution, is | ||
| amended by adding Subsection (k) to read as follows: | ||
| (k) This subsection applies only to real property that is a | ||
| single-family residential property leased to a lessee who is 65 | ||
| years of age or older and used by the lessee as a primary residence | ||
| and that is leased to the lessee for a rent that does not exceed the | ||
| fair market rent. Notwithstanding Subsections (a) and (b) of this | ||
| section, the Legislature by general law may limit the maximum | ||
| appraised value of such property for ad valorem tax purposes in a | ||
| tax year to the lesser of the most recent market value of the | ||
| property as determined by the appraisal entity or 110 percent, or a | ||
| greater percentage, of the appraised value of the property for the | ||
| preceding tax year. The general law enacted under this subsection | ||
| may prescribe additional eligibility requirements for the | ||
| limitation on appraised values authorized by this subsection. A | ||
| limitation on appraised values authorized by this subsection: | ||
| (1) takes effect as to real property described by this | ||
| subsection 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 in which the owner of the property leases the property to a | ||
| lessee and for an amount described by this subsection; and | ||
| (2) expires on January 1 of the tax year following the | ||
| first tax year in which the owner of the property ceases to lease | ||
| the property to a lessee or for an amount described by this | ||
| subsection. | ||
| 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 limit the maximum appraised value for ad valorem tax | ||
| purposes of residential real property leased to an elderly person | ||
| to 110 percent or more of the appraised value of the property for | ||
| the preceding tax year." | ||
