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Bill > HJR39


TX HJR39

TX HJR39
Proposing a constitutional amendment authorizing the legislature to provide that the appraised value of a residence homestead for ad valorem tax purposes for the first tax year that the owner of the property qualifies the property for a residence homestead exemption is the market value of the property and that, if the owner purchased the property, the purchase price of the property is considered to be the market value of the property for that tax year and to limit increases in the appraised valu


summary

Introduced
08/25/2025
In Committee
Crossed Over
Passed
Dead
09/03/2025

Introduced Session

89th Legislature 2nd Special Session

Bill Summary

A JOINT RESOLUTION proposing a constitutional amendment authorizing the legislature to provide that the appraised value of a residence homestead for ad valorem tax purposes for the first tax year that the owner of the property qualifies the property for a residence homestead exemption is the market value of the property and that, if the owner purchased the property, the purchase price of the property is considered to be the market value of the property for that tax year and to limit increases in the appraised value of the homestead for subsequent tax years based on the market value of all new improvements to the property.

AI Summary

This joint resolution proposes a constitutional amendment related to property tax appraisals for residential homesteads in Texas. Specifically, the amendment would allow the legislature to set the initial appraised value of a homestead at its market value (or purchase price) for the first year a homeowner qualifies for a homestead exemption. For subsequent tax years, the appraised value would be calculated by taking the previous year's appraised value and adding the market value of any new improvements to the property. This approach differs from the current system, which limits annual increases to a certain percentage. The amendment includes provisions for how the new valuation method would be applied, including scenarios where a property changes ownership through inheritance or a will. The proposed amendment would be submitted to voters in a May 2, 2026 election, with ballot language that explains the key provisions of the proposed change. The goal appears to be providing more predictable and potentially lower property tax assessments for homeowners.

Sponsors (1)

Last Action

Filed (on 08/25/2025)

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