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A JOINT RESOLUTION
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proposing a constitutional amendment authorizing the legislature |
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to provide for a local option election in a county to set a limit of |
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less than 10 percent but not less than three percent on the maximum |
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average annual increase in the appraised value of residence |
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homesteads for ad valorem tax purposes. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1, Article VIII, Texas Constitution, is |
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amended by adding Subsection (i-1) to read as follows: |
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(i-1) Notwithstanding Subsections (a), (b), and (i) of this |
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section, the Legislature by general law may authorize the governing |
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body of a county to call an election in the county to permit the |
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voters to determine by majority vote whether to establish for |
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purposes of ad valorem taxation by each political subdivision in |
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the county a limit on the maximum average annual percentage |
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increase in the appraised value of residence homesteads in the |
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political subdivision of less than 10 percent but not less than |
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three percent. The ballot proposition shall specify the proposed |
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percentage limitation on appraisal increases. A limitation on |
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appraisal increases established under this subsection takes effect |
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and expires in the manner provided by Subsection (i) of this |
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section. If the voters of a county establish a limit on appraisal |
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increases under this subsection, the limitation remains in effect |
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until amended or repealed by the voters of the county at a |
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subsequent election called by the governing body of the county. The |
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Legislature by general law may provide for the effect of the |
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adoption of a limit on appraisal increases under this subsection on |
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a political subdivision with boundaries extending outside the |
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county. |
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SECTION 2. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 6, 2007 |
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. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment authorizing the |
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legislature to provide for a local option election in a county to |
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set a limit of less than 10 percent but not less than three percent |
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on the maximum average annual increase in the appraised value of |
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residence homesteads for ad valorem tax purposes." |