Bill Text: TX SJR21 | 2025-2026 | 89th Legislature | Introduced
Bill Title: Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced) 2024-11-12 - Filed [SJR21 Detail]
Download: Texas-2025-SJR21-Introduced.html
89R1248 RDS-D | ||
By: Creighton | S.J.R. No. 21 |
|
||
proposing a constitutional amendment to authorize the legislature | ||
to set a lower limit on the maximum appraised value of a residence | ||
homestead for ad valorem taxation. | ||
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 a residence homestead for ad valorem tax | ||
purposes in a tax year to the lesser of the most recent market value | ||
of the residence homestead as determined by the appraisal entity or | ||
105 [ |
||
of the residence homestead for the preceding tax year. A limitation | ||
on appraised values authorized by this subsection: | ||
(1) takes effect as to a residence homestead 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 the owner | ||
qualifies the property for an exemption under Section 1-b of this | ||
article; and | ||
(2) expires on January 1 of the first tax year that | ||
neither the owner of the property when the limitation took effect | ||
nor the owner's spouse or surviving spouse qualifies for an | ||
exemption under Section 1-b of this article. | ||
SECTION 2. This proposed constitutional amendment shall be | ||
submitted to the voters at an election to be held November 4, 2025. | ||
The ballot shall be printed to permit voting for or against the | ||
proposition: "The constitutional amendment to authorize the | ||
legislature to set a lower limit on the maximum appraised value of a | ||
residence homestead for ad valorem taxation." |