Bill > HJR24

This joint resolution proposes a constitutional amendment to expand the Texas Legislature's authority to limit the maximum appraised value of real property for ad valorem tax purposes (property taxes). The amendment would allow the legislature to cap the appraised value of a property at 105 percent (or a higher percentage) of its previous year's appraised value, instead of the current 110 percent limit, and would apply this cap to all real property, not just residential homesteads. The limitation would take effect in the tax year following the first year the owner owns the property and would expire when the original property owner or their spouse no longer owns the property. The legislature would also have the authority to define real property, which could include manufactured or mobile homes used as dwellings. The proposed amendment includes a temporary provision specifying its implementation timeline and would be submitted to voters in a November 4, 2025 election, with the ballot language specifically asking voters whether they approve authorizing the legislature to limit property appraisal increases to 105 percent or more of the previous year's value.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=892&Bill=HJR24