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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."