Bill > HJR39

This joint resolution proposes a constitutional amendment to modify how residential property values are assessed for tax purposes in Texas, specifically by allowing the state legislature to adjust the maximum appraised value of a residential homestead. The amendment would change the current law by reducing the maximum percentage increase in a home's appraised value from 110% to 105% per year, giving the legislature more flexibility in controlling property tax assessments. Under the proposed change, the limitation on appraised values would take effect when a homeowner first qualifies for a homestead exemption and would remain in place until the original owner, their spouse, or surviving spouse no longer qualifies for that exemption. The proposed amendment will be submitted to voters for approval at a statewide election on November 4, 2025, with the ballot language clearly stating the purpose of authorizing the legislature to set a lower limit on maximum residential homestead appraisal values for ad valorem (property) taxation.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HJR39