Bill Text: TX SJR19 | 2023-2024 | 88th Legislature | Introduced

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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) 2023-02-15 - Referred to Local Government [SJR19 Detail]

Download: Texas-2023-SJR19-Introduced.html

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88R2351 RDS-D
By: Kolkhorst S.J.R. No. 19

A JOINT RESOLUTION
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 (n) to read as follows:
(n) 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 120 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 120 percent or more of the appraised value of the
property for the preceding tax year."