Bill > HJR8

This joint resolution proposes a constitutional amendment to abolish ad valorem taxes (property taxes) in Texas, with a phased approach that would prohibit political subdivisions from imposing such taxes on real or personal property starting January 1, 2031. Ad valorem taxes, which are taxes calculated based on the assessed value of property, would be completely eliminated after this date. To address potential financial concerns, the state would take full responsibility for guaranteeing the repayment of all school district bonds issued before November 4, 2025, that were originally secured by property tax revenues. The proposed amendment would be submitted to Texas voters for approval at an election on November 4, 2025, with the ballot language directly asking voters whether they support abolishing ad valorem taxes. If approved, this would represent a significant change in how local governments and school districts are funded, requiring the legislature to develop alternative revenue mechanisms.