Bill > HJR36

This joint resolution proposes a constitutional amendment to modify how residential property values are assessed for tax purposes in Texas. Specifically, it would allow the state legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation (property taxes). The key change reduces the maximum annual increase in a home's appraised value from 110% to 105% of the previous year's value. This means homeowners would have additional protection against rapid property value increases that could lead to significantly higher property tax bills. The amendment would take effect when the homeowner first qualifies for a homestead exemption and would remain in place until the original homeowner (or their spouse) no longer qualifies for that exemption. If approved, the amendment would be submitted to voters in a special election on November 4, 2025, with the ballot language clearly explaining the proposed change to the state's property tax appraisal system.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HJR36