Bill Text: TX HJR52 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Proposing a constitutional amendment authorizing the legislature to provide that the officials responsible for appraising property for ad valorem taxation in a county may exclude from consideration the value of new or substantially remodeled residential property when determining the market value of an older residence homestead located in or near a tax increment financing reinvestment zone.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2023-02-28 - Referred to Ways & Means [HJR52 Detail]
Download: Texas-2023-HJR52-Introduced.html
88R3242 RDS-D | ||
By: Collier | H.J.R. No. 52 |
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proposing a constitutional amendment authorizing the legislature | ||
to provide that the officials responsible for appraising property | ||
for ad valorem taxation in a county may exclude from consideration | ||
the value of new or substantially remodeled residential property | ||
when determining the market value of an older residence homestead | ||
located in or near a tax increment financing reinvestment zone. | ||
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 1, Article VIII, Texas Constitution, is | ||
amended by adding Subsection (o) to read as follows: | ||
(o) The legislature by general law may provide that, in | ||
determining the market value for ad valorem taxation of a residence | ||
homestead that is more than 30 years old and is located in a tax | ||
increment financing reinvestment zone created by a municipality | ||
under a law authorized by Section 1-g of this article or in the area | ||
adjacent to the zone, the officials responsible for appraising | ||
property for taxation in the county may exclude from consideration | ||
the value of new or substantially remodeled residential properties | ||
that are located in the same neighborhood as the residence | ||
homestead being appraised and that would otherwise be considered in | ||
appraising the residence homestead. The general law may provide | ||
additional eligibility requirements for appraisal under this | ||
subsection. | ||
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 authorizing the | ||
legislature to provide that the officials responsible for | ||
appraising property for ad valorem taxation in a county may exclude | ||
from consideration the value of new or substantially remodeled | ||
residential property when determining the market value of an older | ||
residence homestead located in or near a tax increment financing | ||
reinvestment zone." |