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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 Harris County to set a |
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limitation of not less than three percent on the maximum average |
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annual increase in the appraised value of residence homesteads for |
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purposes of ad valorem taxation by each political subdivision in |
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the county. |
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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 may authorize the Commissioners Court of |
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Harris County to call an election in the county to permit the voters |
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to determine by majority vote whether to establish for purposes of |
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ad valorem taxation by each political subdivision in the county a |
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limitation on the maximum average annual percentage increase in the |
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appraised value of residence homesteads in the political |
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subdivision of not less than three percent. The ballot proposition |
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shall specify the proposed percentage limitation on increases in |
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appraised value. A limitation on increases in appraised value |
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established under this subsection takes effect and expires in the |
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manner provided by Subsection (i) of this section for a limitation |
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enacted under that subsection. If the voters of the county |
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establish a limitation on increases in appraised value under this |
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subsection applicable to a tax year for which the Legislature has |
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enacted a limitation under Subsection (i) of this section, the |
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lower percentage limitation applies to ad valorem taxation by each |
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political subdivision in the county. If the voters of the county |
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establish a limitation on increases in appraised value under this |
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subsection, the limitation remains in effect until amended or |
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repealed by the voters of the county at a subsequent election called |
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by the commissioners court of the county. An amendment or repeal of |
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a limitation on increases in appraised value under this subsection |
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may not take effect before January 1 of the tax year following the |
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year in which the election at which the limitation is amended or |
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repealed is held. The Legislature may provide for the effect of the |
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establishment of a limitation on increases in appraised value under |
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this subsection on a political subdivision with boundaries |
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extending outside the 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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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 Harris County |
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to set a limitation of 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 purposes of ad valorem taxation by each political |
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subdivision in the county." |