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Bill > HJR50


TX HJR50

TX HJR50
Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.


summary

Introduced
11/12/2024
In Committee
03/03/2025
Crossed Over
Passed
Dead
06/02/2025

Introduced Session

89th Legislature Regular Session

Bill Summary

A JOINT RESOLUTION proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.

AI Summary

This joint resolution proposes a constitutional amendment that would allow the Texas Legislature to modify how residential property values are assessed for taxation purposes. Specifically, it would enable the legislature to set a lower limit on the maximum appraised value of a residential homestead, changing the current cap from 110 percent to 105 percent of the previous year's appraised value. The amendment would take effect for a specific homestead when the law is implemented or in the tax year after the homeowner first qualifies for a homestead exemption, and it would remain in effect until the original owner (or their spouse) no longer qualifies for the homestead exemption. The proposed amendment would be submitted to voters in a November 4, 2025 election, with the ballot language clearly stating the proposition to authorize the legislature to set a lower limit on residential property value assessments for tax purposes. The key term "ad valorem taxation" refers to property taxes calculated based on the assessed value of the property.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to s/c on Property Tax Appraisals by Speaker (on 03/03/2025)

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