Bill Text: TX HJR55 | 2017 | 85th Legislature 1st Special Session | Introduced
Bill Title: Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of real property for ad valorem tax purposes.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2017-08-08 - Filed [HJR55 Detail]
Download: Texas-2017-HJR55-Introduced.html
| 85S12533 SMH-D | ||
| By: White | H.J.R. No. 55 | |
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| proposing a constitutional amendment to authorize the legislature | ||
| to limit the maximum appraised value of real property for ad valorem | ||
| tax purposes. | ||
| 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 real property [ |
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| valorem tax purposes in a tax year to the lesser of the most recent | ||
| market value of the real property [ |
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| determined by the appraisal entity or the greater of the highest | ||
| appraised value of the property for any tax year beginning with the | ||
| 2018 tax year or 105 [ |
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| appraised value of the real property [ |
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| preceding tax year. The Legislature by general law may provide for | ||
| a percentage of less than 105 percent but not less than 102 percent | ||
| of the appraised value of the real property for the preceding tax | ||
| year to be used in calculating the maximum appraised value of real | ||
| property for ad valorem tax purposes if the owner of the real | ||
| property discloses to the appraisal entity the price the owner paid | ||
| to purchase the real property. A limitation on appraised values | ||
| authorized by this subsection: | ||
| (1) takes effect in the tax year following the first | ||
| tax year in which the owner owns the property on January 1 or, if the | ||
| property qualifies for an exemption as the [ |
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| homestead of the owner under Section 1-b of this article in the tax | ||
| year in which the owner acquires the property, in [ |
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| acquires [ |
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| (2) expires on January 1 of the [ |
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| following the tax year in which [ |
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| property when the limitation took effect ceases to own the | ||
| property, except that the Legislature by general law may provide | ||
| for the limitation applicable to a residence homestead to continue | ||
| during ownership of the property by [ |
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| surviving spouse [ |
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| SECTION 2. This proposed constitutional amendment shall be | ||
| submitted to the voters at an election to be held November 6, 2018. | ||
| The ballot shall be printed to permit voting for or against the | ||
| proposition: "The constitutional amendment to authorize the | ||
| legislature to limit the maximum appraised value of real property | ||
| for ad valorem tax purposes." | ||
