Bill Text: TX HJR52 | 2019-2020 | 86th Legislature | Introduced
Bill Title: Proposing a constitutional amendment providing for the valuation of property for ad valorem tax purposes on the basis of its market value.
Sponsorship: Partisan Bill (Democrat 1)
Status: (Introduced - Dead) 2019-02-25 - Referred to Ways & Means [HJR52 Detail]
Download: Texas-2019-HJR52-Introduced.html
| 86R840 SMH-F | ||
| By: Lucio III | H.J.R. No. 52 | |
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| proposing a constitutional amendment providing for the valuation of | ||
| property for ad valorem tax purposes on the basis of its market | ||
| value. | ||
| BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 1(b), Article VIII, Texas Constitution, | ||
| is amended to read as follows: | ||
| (b) All real property and tangible personal property in this | ||
| State, unless exempt as required or permitted by this Constitution, | ||
| whether owned by natural persons or corporations, other than | ||
| municipal, shall be taxed in proportion to its market value, which | ||
| shall be ascertained as may be provided by law. | ||
| SECTION 2. Section 20, Article VIII, Texas Constitution, is | ||
| amended to read as follows: | ||
| Sec. 20. No property of any kind in this State shall ever be | ||
| assessed for ad valorem taxes at a greater value than its [ |
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| governmental or political subdivision or taxing district within | ||
| this State fix the value of any property for tax purposes at more | ||
| than its [ |
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| encourage the prompt payment of taxes, the Legislature shall have | ||
| the power to provide that the taxpayer shall be allowed by the State | ||
| and all governmental and political subdivisions and taxing | ||
| districts of the State a three per cent (3%) discount on ad valorem | ||
| taxes due the State or due any governmental or political | ||
| subdivision or taxing district of the State if such taxes are paid | ||
| ninety (90) days before the date when they would otherwise become | ||
| delinquent; and the taxpayer shall be allowed a two per cent (2%) | ||
| discount on said taxes if paid sixty (60) days before said taxes | ||
| would become delinquent; and the taxpayer shall be allowed a one per | ||
| cent (1%) discount if said taxes are paid thirty (30) days before | ||
| they would otherwise become delinquent. The Legislature shall pass | ||
| necessary laws for the proper administration of this Section. | ||
| SECTION 3. This proposed constitutional amendment shall be | ||
| submitted to the voters at an election to be held November 5, 2019. | ||
| The ballot shall be printed to permit voting for or against the | ||
| proposition: "The constitutional amendment providing for the | ||
| valuation of property for ad valorem tax purposes on the basis of | ||
| its market value." | ||
