By Nixon S.J.R. No. 23
76R5234 SMH-D
A JOINT RESOLUTION
1-1 proposing a constitutional amendment to authorize the legislature
1-2 to limit the maximum average annual increase in the appraised value
1-3 of real property for ad valorem tax purposes.
1-4 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 1(i), Article VIII, Texas Constitution,
1-6 is amended to read as follows:
1-7 (i) Notwithstanding Subsections (a) and (b) of this section,
1-8 the Legislature by general law may limit the maximum average annual
1-9 percentage increase in the appraised value of real property
1-10 [residence homesteads] for ad valorem tax purposes to five [10]
1-11 percent, or a greater percentage, for each year since the most
1-12 recent tax appraisal. A limitation on appraisal increases
1-13 authorized by this subsection:
1-14 (1) takes effect as to a parcel of real property
1-15 [residence homestead] on the later of the effective date of the law
1-16 imposing the limitation or January 1 of the tax year following the
1-17 first tax year the owner acquires [qualifies] the property [for an
1-18 exemption under Section 1-b of this article]; and
1-19 (2) expires on January 1 of the first tax year that:
1-20 (A) [neither] the owner of the property when the
1-21 limitation took effect no longer owns the property; and
1-22 (B) if the owner of the property when the
1-23 limitation took effect qualified the property for an exemption
1-24 under Section 1-b of this article, [nor] the owner's spouse or
2-1 surviving spouse does not qualify [qualifies] for an exemption
2-2 under that section [Section 1-b of this article].
2-3 SECTION 2. This proposed constitutional amendment shall be
2-4 submitted to the voters at an election to be held November 2, 1999.
2-5 The ballot shall be printed to permit voting for or against the
2-6 proposition: "The constitutional amendment to authorize the
2-7 legislature to limit the maximum average annual increase in the
2-8 appraised value of real property for ad valorem tax purposes."