Bill > HJR45

This joint resolution proposes a constitutional amendment to modify how property values are assessed for tax purposes in Texas, expanding the legislature's ability to limit property appraisals. Specifically, the amendment would allow the legislature to cap the maximum appraised value of real property at 103.5 percent (previously 110 percent) of its previous year's value, giving the legislature more flexibility in property tax assessments. The limitation would take effect in the tax year following the first year a property owner owns the property and would expire when the original owner stops owning the property, with potential provisions for continuation during ownership by a spouse or surviving spouse. The amendment also allows the legislature to broadly define "real property," which could include manufactured or mobile homes used as dwellings. The proposed change will be submitted to voters in a November 4, 2025 election, with ballot language explicitly stating the proposed 103.5 percent cap on property value increases. Additionally, the resolution includes temporary provisions specifying the effective date and sunset of certain constitutional sections related to this change.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HJR45