Bill Text: TX HJR33 | 2017 | 85th Legislature 1st Special Session | 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 2-0)
Status: (Introduced - Dead) 2017-07-25 - Left pending in committee [HJR33 Detail]
Download: Texas-2017-HJR33-Introduced.html
| 85S10336 LHC-D | ||
| By: Metcalf | H.J.R. No. 33 | |
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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 (k) to read as follows: | ||
| (k) 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 105 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, 2017. | ||
| 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 105 percent or more of the appraised value of the | ||
| property for the preceding tax year." | ||
