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78R4011 JD-D

By:  Howard                                                     H.J.R. No. 9  



A JOINT RESOLUTION

proposing a constitutional amendment to authorize the legislature 
to set a limit of two percent on the annual percentage increase in 
the appraised value of residence homesteads and certain other 
residential property.
	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:                       
	SECTION 1.  Subsection (i), Section 1, Article VIII, Texas 
Constitution, is amended to read as follows:
	(i)  Notwithstanding Subsections (a) and (b) of this 
section, the Legislature by general law may limit the maximum 
average annual percentage increase in the appraised value for ad 
valorem tax purposes of a residence homestead or other residential 
property a person owns consisting of not more than four dwelling 
units [homesteads for ad valorem tax purposes] to two [10] percent, 
or a greater percentage, for each year since the most recent tax 
appraisal.  A limitation on appraisal increases authorized by this 
subsection[:
		[(1) takes effect as to a residence homestead on the 
later of the effective date of the law imposing the limitation or 
January 1 of the tax year following the first tax year the owner 
qualifies the property for an exemption under Section 1-b of this 
article;  and
		[(2)] expires on January 1 of the first tax year after 
the property ceases to be used for residential purposes or the 
property is sold or transferred to another person who is not [that 
neither the owner of the property when the limitation took effect 
nor] the owner's spouse or surviving spouse [qualifies for an 
exemption under Section 1-b of this article].  For purposes of this 
subsection, property does not cease to be used for residential 
purposes solely because the property is temporarily unoccupied or 
being remodeled or repaired consistent with residential use.
	SECTION 2.  This proposed constitutional amendment shall be 
submitted to the voters at an election to be held November 4, 2003.  
The ballot shall be printed to permit voting for or against the 
proposition: "The constitutional amendment to authorize the 
legislature to set a limit of two percent on the annual percentage 
increase in the appraised value of residence homesteads and certain 
other residential property."