By Hochberg H.J.R. No. 91 75R6678 JD-D A JOINT RESOLUTION 1-1 proposing a constitutional amendment relating to the appraisal of 1-2 residence homesteads for ad valorem taxation by school districts 1-3 and other political subdivisions of this state. 1-4 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Section 1, Article VIII, Texas Constitution, is 1-6 amended by adding Subsections (i) and (j) to read as follows: 1-7 (i) Notwithstanding Subsections (a) and (b) of this section, 1-8 the maximum appraised value of the residence homestead of a married 1-9 or unmarried adult, including one living alone, for ad valorem 1-10 taxation for general elementary and secondary education purposes in 1-11 a tax year is the sum of the appraised value of the residence 1-12 homestead for taxation for general elementary and secondary 1-13 education purposes for the preceding year multiplied by 1.05 and 1-14 the market value of all new improvements to the residence 1-15 homestead. In this subsection, "new improvement" means an 1-16 improvement to a residence homestead that is made after the 1-17 appraisal of the residence homestead for the preceding year and 1-18 that increases the market value of the residence homestead. The 1-19 term does not include ordinary maintenance of an existing structure 1-20 or the grounds or another feature of the residence homestead. The 1-21 legislature shall provide for formulas to protect school districts 1-22 against all or part of the revenue loss incurred by the 1-23 implementation of this subsection. 1-24 (j) In any tax year, the governing body of a county, 2-1 municipality, or other political subdivision of this state may 2-2 elect to use the appraised value of residence homesteads 2-3 established under Subsection (i) of this section for school taxes 2-4 as the appraised value of the homesteads for purposes of ad valorem 2-5 taxation by the political subdivision. 2-6 SECTION 2. This proposed constitutional amendment shall be 2-7 submitted to the voters at an election to be held November 4, 1997. 2-8 The ballot shall be printed to permit voting for or against the 2-9 proposition: "The constitutional amendment to limit increases in 2-10 the appraised value of residence homesteads for ad valorem taxation 2-11 by school districts and to authorize the governing bodies of 2-12 counties, municipalities, and other political subdivisions of this 2-13 state to adopt the same limitation."