Bill > HJR114

This joint resolution proposes a constitutional amendment to modify how property values are assessed for taxation purposes in Texas. Specifically, it would allow the state legislature to limit the maximum appraised value of real property for ad valorem tax purposes (property taxes) to the lesser of the most recent market value or 105 percent of the property's previous year's appraised value. The proposed amendment expands the previous limitation, which was restricted to residential homesteads, to potentially cover all real property, including manufactured or mobile homes used as dwellings. The limitation would take effect in the tax year following the first year the owner owns the property, and would typically expire when the original property owner no longer owns the property. The amendment also includes provisions for potential continuation of the limitation for surviving spouses. The proposed constitutional change would be submitted to voters in a November 4, 2025 election, with the ballot language clearly explaining the proposed 105 percent maximum appraisal value increase limitation. If approved, this amendment aims to provide more predictability and potentially slower growth in property tax assessments for property owners.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HJR114