Bill > HJR15

This joint resolution proposes a constitutional amendment to provide a comprehensive property tax exemption for elderly homeowners in Texas. Specifically, individuals who are 72 years or older and have received a homestead exemption for at least 10 consecutive years would be eligible to have the total market value of their residence homestead exempted from ad valorem (property) taxation. Additionally, surviving spouses who are at least 55 years old at the time of their spouse's death can continue this exemption if they were living in the same property when the deceased spouse died. The amendment includes provisions to protect political subdivisions with existing debt by allowing them to continue levying taxes on these exempted properties until the debt is discharged, and requires the legislature to develop formulas to compensate school districts for potential revenue losses. The proposed amendment would take effect on January 1, 2027, and expire on January 1, 2028, with voters set to decide on the measure during a special election on May 2, 2026.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=892&Bill=HJR15