Bill Text: TX HJR99 | 2015-2016 | 84th Legislature | Introduced
Bill Title: Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of real property for ad valorem tax purposes to 105 percent or more of the appraised value of the property for the preceding tax year.
Spectrum: Partisan Bill (Republican 3-0)
Status: (Introduced - Dead) 2015-05-05 - Left pending in committee [HJR99 Detail]
Download: Texas-2015-HJR99-Introduced.html
84R9374 CBH-D | ||
By: Bell | H.J.R. No. 99 |
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proposing a constitutional amendment to authorize the legislature | ||
to limit the maximum appraised value of real property for ad valorem | ||
tax purposes to 105 percent or more of the appraised value of the | ||
property for the preceding tax year. | ||
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 real property [ |
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valorem tax purposes in a tax year to the lesser of the most recent | ||
market value of the real property [ |
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determined by the appraisal entity or 105 [ |
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greater percentage, of the appraised value of the real property | ||
[ |
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appraised values authorized by this subsection: | ||
(1) takes effect in the tax year following the first | ||
tax year in which the owner owns the property on January 1 or, if the | ||
property qualifies for an exemption as the [ |
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homestead of the owner under Section 1-b of this article in the tax | ||
year in which the owner acquires the property, in [ |
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acquires [ |
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(2) expires on January 1 of the [ |
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following the tax year in which [ |
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property when the limitation took effect ceases to own the | ||
property, except that the Legislature by general law may provide | ||
for the limitation applicable to a residence homestead to continue | ||
during ownership of the property by [ |
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surviving spouse [ |
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SECTION 2. This proposed constitutional amendment shall be | ||
submitted to the voters at an election to be held November 3, 2015. | ||
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 of real property | ||
for ad valorem tax purposes to 105 percent or more of the appraised | ||
value of the property for the preceding tax year." |