Bill > HJR28

This Joint Resolution proposes an amendment to the Texas Constitution that would allow the state legislature to set a lower limit on how much the appraised value of a person's primary residence, known as a "residence homestead," can increase each year for property tax (ad valorem taxation) purposes. Currently, the law allows for a maximum increase of 10% of the previous year's appraised value, but this resolution would give the legislature the power to set that limit even lower, or to use the most recent market value if it's lower than the capped increase. This change would take effect for a homestead owner once they qualify for a homestead exemption and would expire when the owner, their spouse, or surviving spouse no longer qualifies for that exemption. The proposed amendment is to be voted on by the public in an election on November 5, 2019.