Bill > HJR27

This joint resolution proposes a constitutional amendment that would allow the Texas Legislature to limit the maximum appraised value of certain commercial real property for property tax (ad valorem tax) purposes. Specifically, the amendment would enable the Legislature to cap the appraised value of commercial properties at either the most recent market value determined by the appraisal entity or 110 percent (or a higher percentage) of the property's appraised value from the previous tax year, but only for properties with a market value below a legislatively prescribed threshold. The Legislature would be required to define "commercial real property" and establish additional eligibility requirements for this valuation limitation. The limitation would take effect either on the law's effective date or on January 1 of the tax year following the first year the property meets the commercial property definition, and would remain in effect until the property ownership changes or no longer qualifies as commercial property. The proposed amendment would be submitted to voters in a May 2, 2026 election, with ballot language explaining the proposed change to property tax appraisal limits.

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=892&Bill=HJR27