Bill > HJR147

This joint resolution proposes a constitutional amendment to provide tax relief for elderly renters by allowing the Texas Legislature to limit the maximum appraised value of single-family residential properties leased to tenants who are 65 years or older. Specifically, the amendment would enable the legislature to cap the property's appraised value for tax purposes at either the most recent market value or 110 percent (or potentially a higher percentage) of the previous year's appraised value, but only for properties leased at fair market rent and used as the elderly lessee's primary residence. The limitation would take effect when the property is first leased to an eligible elderly tenant and would expire if the property is no longer leased under the specified conditions. The proposed amendment would be submitted to Texas voters in a November 4, 2025 election, with ballot language explaining the potential tax appraisal limitation for residential properties leased to elderly individuals.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HJR147