Bill > HJR19

This joint resolution proposes a constitutional amendment to modify how residential property values are appraised for tax purposes in Texas. Specifically, the amendment would allow the state legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem (property) taxation. The key change reduces the potential annual increase in a home's appraised value from 110 percent to 105 percent of the previous year's value. This means that the assessed value of a home for tax purposes could not increase by more than 5 percent annually, giving homeowners additional protection against rapid property tax increases. 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. The proposed amendment will be submitted to Texas voters for approval at a special election on May 2, 2026, with the ballot language clearly explaining the proposed change to the state's property tax appraisal process.

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=891&Bill=HJR19