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A JOINT RESOLUTION
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proposing a constitutional amendment authorizing the legislature |
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to permit an owner of real property to require that ad valorem |
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taxes, other than taxes imposed for public school purposes, be |
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imposed on the property on the basis of a five-year average taxable |
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value. |
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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 (b-1) to read as follows: |
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(b-1) Notwithstanding any other provision of this article, |
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the legislature by general law may authorize an owner of real |
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property to require that, in the current tax year and the following |
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nine tax years, ad valorem taxes, other than taxes imposed for |
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general elementary or secondary public school purposes, be assessed |
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on the owner's real property on the basis of a five-year average of |
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the property's taxable value. A general law enacted under this |
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section shall prescribe procedures for the administration of this |
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section, including provisions for its implementation in stages, and |
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prescribe sanctions to enforce those procedures. |
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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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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 permit an owner of real property to require that ad |
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valorem taxes, other than taxes imposed for public school purposes, |
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be imposed on the real property on the basis of a five-year average |
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of the property's taxable value." |