Bill > HJR167

This joint resolution proposes a constitutional amendment to provide more flexibility in how residential property values are assessed for tax purposes in Texas. The amendment would allow the state legislature to limit the maximum appraised value of a homestead (primary residence) to either the most recent market value or 115 percent of its previous year's appraised value. Additionally, the resolution would empower the legislature to control how frequently homes can be reappraised and give county voters the ability to establish an even higher limitation on property value assessments through a local election. Specifically, county commissioners could call an election where voters could approve a percentage limitation on home appraisals that exceeds the state-mandated percentage. The proposed changes aim to provide homeowners with more predictability and potentially slower-growing property tax assessments, with the limitation typically applying as long as the original homeowner or their spouse continues to own and qualify for a homestead exemption. The constitutional amendment would be submitted to Texas voters for approval in a November 4, 2025 election.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HJR167