Bill Text: TX HJR50 | 2017 | 85th Legislature 1st Special Session | Introduced


Bill Title: Proposing a constitutional amendment to authorize the legislature to establish an additional limitation on the maximum appraised value of a residence homestead for ad valorem tax purposes.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2017-07-31 - Referred to Ways & Means [HJR50 Detail]

Download: Texas-2017-HJR50-Introduced.html
  85S10214 TJB-D
 
  By: Villalba H.J.R. No. 50
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment to authorize the legislature
  to establish an additional limitation on the maximum appraised
  value of a residence homestead for ad valorem tax purposes.
         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 least [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, or 125 percent or a greater percentage of the lowest
  appraised value of the residence homestead for any of the preceding
  10 tax years. 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
  neither the owner of the property when the limitation took effect
  nor the owner's spouse or surviving spouse 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 7, 2017.
  The ballot shall be printed to permit voting for or against the
  proposition: "The constitutional amendment to authorize the
  legislature to establish an additional limitation on the maximum
  appraised value of a residence homestead for ad valorem tax
  purposes of 125 percent or a greater percentage of the lowest
  appraised value of the residence homestead for any of the preceding
  10 tax years."
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