Author:
Allison | Guillen
Last Action:
08/11/2021 H Filed
Caption:
Relating to the ad valorem taxation of residential real property.
Author:
Allison | Guillen
Last Action:
08/11/2021 H Filed
Caption:
Relating to a study of the desirability, feasibility, and effects of various measures to limit or reduce the burden of ad valorem taxes on property owners.
Author:
Allison | Guillen
Last Action:
08/11/2021 H Filed
Caption:
Proposing a constitutional amendment authorizing the legislature to limit the maximum appraised value of residential real property for ad valorem tax purposes to 105 percent or more of the appraised value of the property for the preceding tax year, to exempt from ad valorem taxation the total appraised value of property purchased by an individual for the first tax year the individual qualifies the property as the individual's residence homestead if the property is the individual's first residence homestead and has an appraised value of less than $300,000, and to limit the total amount of ad valorem taxes that a political subdivision may impose on the residence homestead of an individual and the surviving spouse of the individual if the individual qualifies the property as the individual's residence homestead for at least 25 consecutive tax years.