Bill > HJR134

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% of the previous year's appraised value, but this resolution would give the legislature the power to set that limit even lower, or to use a different calculation based on the most recent market value. This change would take effect for a homestead owner once they qualify for a homestead exemption and would remain in place as long as they or their spouse continue to qualify for that exemption. The proposed amendment is to be voted on by the public in an election on November 5, 2019.