Bill > SJR46

This Joint Resolution proposes a constitutional amendment that would allow the Texas Legislature to set limits on how much the appraised value of a person's home can increase each year for property tax purposes, a concept known as a "residence homestead" limitation. Currently, the law allows the legislature to limit annual increases to 103% (or a greater percentage) of the previous year's appraised value, but this amendment would give the legislature more flexibility to set a *lower* percentage limit and also to establish *different* percentage limits for homes with lower appraised values compared to those with higher appraised values. This change aims to provide more tailored property tax relief by potentially capping annual tax bill increases more effectively for homeowners.