Bill Text: TX SJR53 | 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) 2023-03-03 - Referred to Local Government [SJR53 Detail]
Download: Texas-2023-SJR53-Introduced.html
88R9140 RDS-D | ||
By: Hughes | S.J.R. No. 53 |
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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 (p) to read as follows: | ||
(p) 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 115 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 115 percent or more of the appraised value of the | ||
property for the preceding tax year." |