79S30369 JD-D

By:  Janek                                                      S.J.R. No. 8  



A JOINT RESOLUTION

proposing a constitutional amendment authorizing the governing 
body of a political subdivision to establish for purposes of ad 
valorem taxation by the political subdivision a limit on the 
maximum average annual percentage increase in the appraised value 
of residence homesteads in the political subdivision.
	BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:                       
	SECTION 1.  Section 1, Article VIII, Texas Constitution, is 
amended by adding Subsection (i-1) to read as follows:
	(i-1)  Notwithstanding Subsections (a) and (b) of this 
section, the governing body of a political subdivision may 
establish for purposes of ad valorem taxation by the political 
subdivision a limit on the maximum average annual percentage 
increase in the appraised value of residence homesteads in the 
political subdivision of not less than three percent.  A limitation 
on residence homestead appraisal increases established under this 
subsection takes effect and expires in the manner provided by 
Subsection (i) of this section for a limitation enacted under that 
subsection.  If a political subdivision establishes a limitation 
under this subsection applicable to a tax year for which the 
legislature has enacted a limitation under Subsection (i), the 
lower percentage limitation applies to ad valorem taxation by the 
political subdivision.  If the governing body of a political 
subdivision establishes a limit on appraisal increases under this 
subsection, the limitation remains in effect until amended, 
repealed, or rescinded by the governing body.  An amendment, 
repeal, or rescission of the limit on appraisal increases may not 
take effect before January 1 of the sixth tax year following the tax 
year in which the limitation on appraisal increases was 
established.  A subsequent amendment of the limit on appraisal 
increases may not take effect before January 1 of the sixth tax year 
following the tax year in which the preceding amendment was 
adopted.
	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 
governing body of a political subdivision to establish for purposes 
of ad valorem taxation by the political subdivision a limit on the 
maximum average annual percentage increase in the appraised value 
of residence homesteads in the political subdivision of not less 
than three percent."