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A JOINT RESOLUTION
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proposing a constitutional amendment to authorize the legislature |
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to limit the maximum appraised value of real property for ad valorem |
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tax purposes and to except certain appropriations to pay for ad |
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valorem tax relief from the constitutional limitation on the rate |
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of growth of appropriations. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1, Article VIII, Texas Constitution, is |
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amended by amending Subsection (i) and adding Subsection (i-1) to |
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read as follows: |
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(i) Notwithstanding Subsections (a) and (b) of this |
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section, the Legislature by general law may limit the maximum |
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appraised value of real property [a residence homestead] for ad |
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valorem tax purposes in a tax year to the lesser of the most recent |
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market value of the property [residence homestead] as determined by |
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the appraisal entity or 105 [110] percent, or a greater percentage, |
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of the appraised value of the property [residence homestead] for |
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the preceding tax year. A limitation on appraised values |
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authorized by this subsection: |
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(1) takes effect in the tax year following the first |
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tax year in which the owner owns the property on January 1 [as to a |
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residence homestead on the later of the effective date of the law |
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imposing the limitation or January 1 of the tax year following the |
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first tax year the owner qualifies the property for an exemption |
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under Section 1-b of this article]; and |
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(2) expires on January 1 of the [first] tax year |
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following the tax year in which [that neither] the owner of the |
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property when the limitation took effect ceases to own the |
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property, except that the Legislature by general law may provide |
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for the limitation applicable to a residence homestead to continue |
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during ownership of the property by [nor] the owner's spouse or |
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surviving spouse [qualifies for an exemption under Section 1-b of |
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this article]. |
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(i-1) For purposes of Subsection (i) of this section, the |
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Legislature by general law may define real property, which may |
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include a manufactured or mobile home used as a dwelling. |
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SECTION 2. Section 22, Article VIII, Texas Constitution, is |
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amended by adding Subsection (a-1) to read as follows: |
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(a-1) Appropriations from state tax revenues not dedicated |
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by this constitution that are made for the purpose of paying for ad |
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valorem tax relief as identified by the legislature by general law |
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are not included as appropriations for purposes of determining |
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whether the rate of growth of appropriations exceeds the limitation |
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prescribed by Subsection (a) of this section. |
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SECTION 3. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 7, 2023. |
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The ballot shall be printed to provide for voting for or against the |
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proposition: "The constitutional amendment to authorize the |
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legislature to limit the maximum appraised value of real property |
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for ad valorem tax purposes and to except certain appropriations to |
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pay for ad valorem tax relief from the constitutional limitation on |
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the rate of growth of appropriations." |