Bill > HJR51

This Joint Resolution proposes an amendment to the Texas Constitution that would allow the state legislature to establish a lower cap on how much the appraised value of a person's primary residence, known as a "residence homestead," can increase each year for property tax purposes. Currently, the law allows for a maximum increase of 10% per year, but this resolution would give the legislature the power to set that limit even lower, for example, to 105% of the previous year's appraised value or the most recent market value, whichever is less. This change would take effect for a homestead owner after they qualify for a homestead exemption and would expire when the owner or their spouse no longer qualifies for that exemption. The proposed amendment is to be voted on by the public in an election on November 5, 2019.