Bill > HJR56

This joint resolution proposes a constitutional amendment to modify how property values are appraised for tax purposes in Texas. Specifically, it adjusts the maximum percentage by which the appraised value of residential homesteads and other real property can increase each year. For residential homesteads, the maximum annual increase would be reduced from 110% to 102.5% of the previous year's appraised value. For other real property, the maximum annual increase would be reduced from 120% to 108% of the previous year's appraised value. The amendment would allow the legislature to set these limits or even higher percentages, providing more flexibility in managing property tax assessments. The proposed changes aim to provide some protection for property owners against rapid increases in property valuations that could lead to significantly higher property tax bills. If approved by voters in a November 4, 2025 election, these modifications would become part of the Texas Constitution, potentially offering some relief to property owners by constraining the rate of property value increases used to calculate ad valorem (property) taxes.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HJR56