Bill Text: TX HJR55 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation by a political subdivision other than a school district of a portion of the assessed value of a residence homestead based on the average assessed value of all qualified residence homesteads that are located in the same county as the homestead.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2021-03-01 - Referred to Ways & Means [HJR55 Detail]
Download: Texas-2021-HJR55-Introduced.html
| 87R4671 SMT-D | ||
| By: Shine | H.J.R. No. 55 | |
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| proposing a constitutional amendment authorizing the legislature | ||
| to provide for an exemption from ad valorem taxation by a political | ||
| subdivision other than a school district of a portion of the | ||
| assessed value of a residence homestead based on the average | ||
| assessed value of all qualified residence homesteads that are | ||
| located in the same county as the homestead. | ||
| BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 1-b, Article VIII, Texas Constitution, | ||
| is amended by adding Subsection (t) to read as follows: | ||
| (t) In addition to any other exemption authorized or | ||
| prescribed by this section, the legislature by general law may | ||
| provide for an exemption from ad valorem taxation by a political | ||
| subdivision of this state other than a school district of a portion | ||
| of the assessed value of an individual's residence homestead in an | ||
| amount equal to 5 percent, or a greater percentage not to exceed 25 | ||
| percent specified by the governing body of the political | ||
| subdivision in the manner provided by law for official action by the | ||
| body, of the average assessed value of all residence homesteads | ||
| that are located in the same county as the individual's homestead | ||
| and that qualify for an exemption under this section. For purposes | ||
| of computing the average assessed value of residence homesteads, | ||
| the general law may provide for disregarding a change in the | ||
| assessed value of a residence homestead or concerning the | ||
| qualification of a property for a residence homestead exemption | ||
| made after a specified date. | ||
| SECTION 2. This proposed constitutional amendment shall be | ||
| submitted to the voters at an election to be held November 2, 2021. | ||
| The ballot shall be printed to permit voting for or against the | ||
| proposition: "The constitutional amendment authorizing the | ||
| legislature to provide for an exemption from ad valorem taxation by | ||
| a political subdivision other than a school district of a portion of | ||
| the assessed value of a residence homestead based on the average | ||
| assessed value of all qualified residence homesteads that are | ||
| located in the same county as the homestead." | ||
