Bill Text: TX SJR38 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Proposing a constitutional amendment to authorize the legislature to provide for the continuation of a limitation on the maximum appraised value of a residence homestead for ad valorem tax purposes if the property is acquired by and qualifies as the homestead of an heir of the owner or the owner's spouse or surviving spouse.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2023-02-17 - Referred to Local Government [SJR38 Detail]
Download: Texas-2023-SJR38-Introduced.html
88R1205 TJB-D | ||
By: Miles | S.J.R. No. 38 |
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proposing a constitutional amendment to authorize the legislature | ||
to provide for the continuation of a limitation on the maximum | ||
appraised value of a residence homestead for ad valorem tax | ||
purposes if the property is acquired by and qualifies as the | ||
homestead of an heir of the owner or the owner's spouse or surviving | ||
spouse. | ||
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 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. 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 | ||
none of the following individuals qualify for an exemption under | ||
Section 1-b of this article with respect to the property: | ||
(A) [ |
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limitation took effect; | ||
(B) [ |
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or | ||
(C) the first heir of an individual described by | ||
Paragraph (A) or (B) of this subdivision to acquire the property | ||
[ |
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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 permit voting for or against the | ||
proposition: "The constitutional amendment to authorize the | ||
legislature to provide for the continuation of a limitation on the | ||
maximum appraised value of a residence homestead for ad valorem tax | ||
purposes if the property is acquired by and qualifies as the | ||
homestead of an heir of the owner or the owner's spouse or surviving | ||
spouse." |