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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 on |
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the maximum appraised value of a residence homestead for ad valorem |
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tax purposes of less than 110 percent but not less than 103 percent |
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of the appraised value of the property for the preceding tax year. |
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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 (j) to read as follows: |
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(j) Notwithstanding Subsections (a), (b), and (i) of this |
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section, the Legislature by general law may authorize the |
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commissioners court of a county to call an election in the county to |
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permit the voters of the county to determine by majority vote |
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whether to establish for purposes of ad valorem taxation by each |
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political subdivision in the county a percentage limitation on the |
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maximum appraised value of a residence homestead in the political |
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subdivision of less than 110 percent but not less than 103 percent |
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of the appraised value of the property for the preceding tax year. |
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The ballot proposition shall specify the proposed percentage |
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limitation on maximum appraised value. A limitation on maximum |
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appraised value established under this subsection takes effect as |
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to a residence homestead on the later of January 1 of the tax year |
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following the year in which the election is held or January 1 of the |
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tax year following the first tax year the owner qualifies the |
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property for an exemption under Section 1-b of this article. As to |
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a residence homestead, the limitation expires on January 1 of the |
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first tax year that neither the owner of the property when the |
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limitation took effect nor the owner's spouse or surviving spouse |
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qualifies for an exemption under Section 1-b of this article. If |
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the voters of a county establish a limitation on maximum appraised |
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value under this subsection, the limitation remains in effect until |
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the tax year following a year in which the limitation is 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. The Legislature by |
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general law may provide for the effect of the adoption of a |
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limitation on maximum appraised value under this subsection on a |
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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 3, 2009. |
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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 on the maximum appraised value of a residence homestead |
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for ad valorem tax purposes of less than 110 percent but not less |
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than 103 percent of the appraised value of the property for the |
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preceding tax year." |