| |
|
|
A JOINT RESOLUTION
|
|
|
proposing a constitutional amendment authorizing the legislature |
|
|
to permit an owner of real property to require that ad valorem taxes |
|
|
be imposed on the property on the basis of a five-year average |
|
|
taxable value. |
|
|
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Section 1, Article VIII, Texas Constitution, is |
|
|
amended by adding Subsection (b-1) to read as follows: |
|
|
(b-1) Notwithstanding any other provision of this article, |
|
|
the legislature by general law may authorize an owner of real |
|
|
property to require that, in the current tax year and the following |
|
|
nine tax years, ad valorem taxes be assessed on the owner's real |
|
|
property on the basis of a five-year average of the property's |
|
|
taxable value. A general law enacted under this section shall |
|
|
prescribe procedures for the administration of this section, |
|
|
including provisions for its implementation in stages, and |
|
|
prescribe sanctions to enforce those procedures. |
|
|
SECTION 2. This proposed constitutional amendment shall be |
|
|
submitted to the voters at an election to be held November 6, 2007. |
|
|
The ballot shall be printed to permit voting for or against the |
|
|
proposition: "The constitutional amendment authorizing the |
|
|
legislature to permit an owner of real property to require that ad |
|
|
valorem taxes be imposed on the real property on the basis of a |
|
|
five-year average of the property's taxable value." |