Bill > SJR23

This joint resolution proposes a constitutional amendment to modify how property values are appraised for tax purposes in Texas. Specifically, it adjusts the maximum appraised value limit for real property that is not a residential homestead from 120% to 110% of the previous year's appraised value, giving the state legislature more flexibility in setting property tax assessment limits. The amendment would allow the legislature to establish general laws that prescribe how property values are calculated for taxation, with specific rules about when these limitations take effect and expire for individual property owners. Additionally, the resolution extends the expiration of these property valuation provisions from December 31, 2026, to December 31, 2031, effectively prolonging the current tax assessment framework. The proposed amendment will be submitted to Texas voters in a November 4, 2025 election, with ballot language clearly explaining the proposed changes to property valuation limits.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SJR23