Bill > SJR22

This joint resolution proposes a constitutional amendment to modify how residential property values are assessed for taxation purposes in Texas. Specifically, it allows the state legislature to set a lower limit on the maximum appraised value of a homestead (primary residence) for ad valorem taxation (property tax). The amendment would change the current law by reducing the maximum percentage increase in appraised value from 110% to 105% per year. This means that the assessed value of a home for tax purposes cannot increase by more than 5% annually, even if the market value of the property increases by a larger amount. The proposed change aims to provide homeowners with additional protection against rapid property tax increases. If approved by voters in a November 4, 2025 election, the amendment would give the legislature more flexibility in controlling property tax assessments, potentially providing relief to homeowners facing significant annual increases in their property tax bills.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SJR22