80R4488 JD-D

By: Patrick, Dan S.J.R. No. 15

A JOINT RESOLUTION

proposing a constitutional amendment to authorize the legislature to establish a 10 percent limit on annual increases in the appraised value for ad valorem tax purposes of certain real property, other than residence homesteads, used primarily for residential purposes by the owner of the property.

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) This subsection does not apply to a residence homestead to which Subsection (i) of this section applies. 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 real property that is designed or adapted for residential purposes and used primarily for residential purposes by the owner of the property to 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 in the tax year following the first tax year in which the owner owns the property on January 1 and in which the owner uses the property primarily for the owner's residential purposes; and

(2) expires on January 1 of the tax year following the tax year in which the owner of the property when the limitation took effect ceases to own the property or ceases to use the property primarily for the owner's residential purposes.

SECTION 2. The following temporary provision is added to the Texas Constitution:

TEMPORARY PROVISION. (a) This temporary provision applies to the constitutional amendment proposed by the 80th Legislature, Regular Session, 2007, authorizing the legislature to establish a 10 percent limit on annual increases in the appraised value for ad valorem tax purposes of certain real property, other than residence homesteads, used primarily for residential purposes by the owner of the property and expires January 1, 2009.

(b) Section 1(i-1), Article VIII, of this constitution takes effect January 1, 2008, and applies only to a tax year that begins on or after that date.

SECTION 3. 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 establish a 10 percent limit on annual increases in the appraised value for ad valorem tax purposes of certain real property, other than residence homesteads, used primarily for residential purposes by the owner of the property."