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 |
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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 [ |
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market value of the residence homestead as determined by the | ||
appraisal entity, [ |
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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." |