79R8336 JD-D
By: Janek, Williams S.J.R. No. 4
A JOINT RESOLUTION
proposing a constitutional amendment authorizing the legislature
to establish a lower limit on the maximum average annual percentage
increase in the appraised value of residence homesteads for ad
valorem tax purposes and to authorize the governing body of a taxing
unit to determine whether a limit on residence homestead appraisal
increases shall apply in the taxing unit.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1, Article VIII, Texas Constitution, is
amended by amending Subsection (i) and adding Subsection (i-1) 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 ad valorem tax purposes to five [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.
(i-1) The Legislature by general law may authorize the
governing body of a taxing unit to determine whether a limitation on
appraisal increases established under Subsection (i) of this
section shall apply to taxation of residence homesteads by the
taxing unit.
SECTION 2. This proposed constitutional amendment shall be
submitted to the voters at an election to be held November 8, 2005.
The ballot shall be printed to permit voting for or against the
proposition: "The constitutional amendment authorizing the
legislature to establish a lower limit on the maximum average
annual percentage increase in the appraised value of residence
homesteads for ad valorem tax purposes and to authorize the
governing body of a taxing unit to determine whether a limit on
residence homestead appraisal increases shall apply in the taxing
unit."