Bill Text: TX HJR21 | 2025 | 89th Legislature 1st Special Session | Introduced
Bill Title: Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of certain commercial real property for ad valorem tax purposes.
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced - Dead) 2025-07-22 - Filed [HJR21 Detail]
Download: Texas-2025-HJR21-Introduced.html
| 89S10466 RDS-D | ||
| By: Metcalf | H.J.R. No. 21 | |
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| proposing a constitutional amendment to authorize the legislature | ||
| to limit the maximum appraised value of certain commercial real | ||
| property for ad valorem tax purposes. | ||
| BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 1, Article VIII, Texas Constitution, is | ||
| amended by adding Subsection (l) to read as follows: | ||
| (l) Notwithstanding Subsections (a) and (b) of this | ||
| section, the Legislature by general law may limit the maximum | ||
| appraised value of a parcel of commercial real property with a | ||
| market value that is not greater than an amount prescribed by the | ||
| Legislature 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. A law | ||
| enacted under this subsection must define "commercial real | ||
| property" for purposes of this subsection and may prescribe | ||
| additional eligibility requirements for the limitation on | ||
| appraised value authorized by this subsection. A law enacted under | ||
| this subsection must prescribe the maximum market value that a | ||
| parcel of commercial real property may have in the tax year in which | ||
| the limitation on appraised value authorized by this subsection | ||
| takes effect as to the property in order for the property to be | ||
| eligible for the limitation. A limitation on appraised value | ||
| authorized by this subsection: | ||
| (1) takes effect as to a parcel of commercial real | ||
| property 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 owns the property on January 1 and in which the | ||
| property meets the definition of commercial real property; and | ||
| (2) expires on January 1 of the tax year following the | ||
| first tax year in which the owner of the property ceases to own the | ||
| property or the property no longer meets the definition of | ||
| commercial real property. | ||
| SECTION 2. This proposed constitutional amendment shall be | ||
| submitted to the voters at an election to be held May 2, 2026. The | ||
| ballot shall be printed to permit voting for or against the | ||
| proposition: "The constitutional amendment to authorize the | ||
| legislature to limit for ad valorem tax purposes the maximum | ||
| appraised value of commercial real property with a market value | ||
| that is not greater than an amount prescribed by the legislature to | ||
| 110 percent or more of the appraised value of the property for the | ||
| preceding tax year." | ||
