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79S30498 JD-D
By: Bohac H.J.R. No. 33
A JOINT RESOLUTION
proposing a constitutional amendment 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.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1(i), 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 of
residence homesteads for purposes of ad valorem taxation by a
school district other than a junior college district [tax purposes]
to five percent, or a greater percentage, and for purposes of ad
valorem taxation by other political subdivisions to 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 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.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 7, 2006.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment 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."