Bill Text: TX SJR19 | 2023-2024 | 88th Legislature | Introduced


Bill Title: Proposing a constitutional amendment to authorize the legislature to establish a limit on the maximum appraised value of real property other than a residence homestead for ad valorem tax purposes.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-02-15 - Referred to Local Government [SJR19 Detail]

Download: Texas-2023-SJR19-Introduced.html
  88R2351 RDS-D
 
  By: Kolkhorst S.J.R. No. 19
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment to authorize the legislature
  to establish a limit on the maximum appraised value of real property
  other than a residence homestead 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 (n) to read as follows:
         (n)  This subsection does not apply to a residence homestead
  to which Subsection (i) of this section applies. Notwithstanding
  Subsections (a) and (b) of this section, the Legislature by general
  law may limit the maximum appraised value of real property 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 120 percent, or a greater percentage, of the appraised value of
  the property for the preceding tax year. A limitation on appraised
  values authorized by this subsection:
               (1)  takes effect as to a parcel of real property
  described by this subsection 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
               (2)  expires on January 1 of the tax year following the
  tax year in which the owner of the property ceases to own the
  property.
         SECTION 2.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 7, 2023.
  The ballot shall be printed to provide for voting for or against the
  proposition: "The constitutional amendment to authorize the
  legislature to establish a limit on the maximum appraised value of
  real property other than a residence homestead for ad valorem tax
  purposes of 120 percent or more of the appraised value of the
  property for the preceding tax year."
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