Bill > HJR29

This joint resolution proposes a constitutional amendment that would allow the Texas legislature to permanently establish a cap on the maximum appraised value of real property that is not a primary residence homestead for ad valorem tax purposes. Ad valorem taxes are property taxes calculated based on the assessed value of the property. The resolution specifically repeals Section 1(n-1) of Article VIII of the Texas Constitution and sets the proposed amendment to be voted on during the election on May 2, 2026. Voters will be asked to approve or reject the proposition, which would give the state legislature the authority to create a permanent limit on how much non-residential property can be valued for tax assessment purposes. This could potentially provide more predictability and potentially lower tax burdens for commercial and non-residential property owners by preventing significant increases in appraised property values.

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=891&Bill=HJR29