Bill > HJR73

This joint resolution proposes a constitutional amendment to provide tax relief for low-income disabled or elderly homeowners and their surviving spouses. The amendment would allow political subdivisions (excluding school districts, counties, municipalities, and junior college districts) to limit the total amount of ad valorem taxes (property taxes) on the residence homesteads of qualifying individuals. Homeowners who are disabled, 65 years or older, and of limited financial means could receive a tax limitation that prevents their property taxes from increasing while they or their spouse continue to live in the home. Political subdivisions can establish this tax limitation through official action or by holding an election if 5% of registered voters petition for one. The limitation would also extend to a surviving spouse who is 55 years or older and of limited financial means. Taxes could only be increased if the home's value rises due to improvements. The amendment specifies that once established, the tax limitation cannot be repealed, and the legislature can define what constitutes "limited financial means." The proposed amendment is set to take effect on January 1, 2026, and will be submitted to voters in a November 4, 2025 election.

Budget and Finance, Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HJR73