By West H.J.R. No. 32 76R2311 JD-D A JOINT RESOLUTION 1-1 proposing a constitutional amendment relating to the appraisal of 1-2 real property for ad valorem taxation. 1-3 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-4 SECTION 1. Section 1, Article VIII, Texas Constitution, is 1-5 amended by adding Subsections (j), (k), and (l) to read as follows: 1-6 (j) Notwithstanding Subsections (a) and (b) of this section, 1-7 the maximum appraised value of real property, other than real 1-8 property appraised as provided by Section 1-d or 1-d-1 of this 1-9 article, for ad valorem taxation in a tax year is the sum of: 1-10 (1) the appraised value of the property for taxation 1-11 for the preceding year as adjusted by the appraisal office for the 1-12 current tax year to reflect the change from the preceding year in 1-13 the purchasing power of the dollar for consumers in this state; and 1-14 (2) the market value of all new improvements to the 1-15 property. 1-16 (k) In Subsection (j) of this section, "new improvement" 1-17 means an improvement to real property that is made after the 1-18 appraisal of the property for the preceding year and that increases 1-19 the market value of the property. The term does not include 1-20 ordinary maintenance of an existing structure or the grounds or 1-21 another feature of the property. 1-22 (l) For each tax year that begins on or after January 1, 1-23 2000, using the index that the Comptroller of Public Accounts 1-24 considers most accurately reflects the change in the purchasing 2-1 power of the dollar for consumers in this state, the comptroller 2-2 shall determine and publicize the percentage by which the appraised 2-3 value of real property may be adjusted under Subsection (j)(1) of 2-4 this section. Each appraisal office shall use the percentage 2-5 determined by the comptroller under this subsection to determine 2-6 the maximum appraised value of real property appraised by that 2-7 appraisal office under Subsection (j) of this section. 2-8 SECTION 2. This proposed constitutional amendment shall be 2-9 submitted to the voters at an election to be held November 2, 1999. 2-10 The ballot shall be printed to permit voting for or against the 2-11 proposition: "The constitutional amendment to provide that the 2-12 appraised value of real property for ad valorem tax purposes may 2-13 not increase from year to year faster than the statewide rate of 2-14 inflation."