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79S30499 JD-D

By:  Bohac                                                        H.B. No. 133



A BILL TO BE ENTITLED

AN ACT

relating to limiting the maximum average annual increase in the 
appraised value of residence homesteads for purposes of ad valorem 
taxation by a school district to five percent.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:                        
	SECTION 1.  Section 23.23(a), Tax Code, is amended to read as 
follows:       
	(a)  The appraised value of a residence homestead for a tax 
year may not exceed the lesser of:
		(1)  the market value of the property; or                                     
		(2)  the sum of:                                                              
			(A)  for purposes of taxation by a school district 
other than a junior college district, five percent of the appraised 
value of the property for the last year in which the property was 
appraised for taxation, and for purposes of taxation by any other 
taxing unit, 10 percent of the appraised value of the property for 
the last year in which the property was appraised for taxation,
times the number of years since the property was last appraised;
			(B)  the appraised value of the property for the 
last year in which the property was appraised; and
			(C)  the market value of all new improvements to 
the property.             
	SECTION 2.  This Act applies only to the appraisal of a 
residence homestead for ad valorem tax purposes for a tax year that 
begins on or after January 1, 2007.
	SECTION 3.  This Act takes effect January 1, 2007, but only 
if the constitutional amendment proposed by the 79th Legislature, 
3rd Called Session, 2006, authorizing the legislature to establish 
for purposes of ad valorem taxation by a school district a limit on 
the annual increase in the appraised value of residence homesteads 
of five percent or more is approved by the voters.  If that 
amendment is not approved by the voters, this Act has no effect.