81R5696 JD-D
 
  By: Bohac H.J.R. No. 56
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment authorizing the legislature
  to establish for purposes of ad valorem taxation by certain school
  districts in Harris County a limit on the maximum appraised value of
  residence homesteads of 105 percent of the appraised value of the
  property for the preceding tax year and to permit certain other
  political subdivisions in Harris County to establish a 105 percent
  limit on the maximum appraised value of residence homesteads for ad
  valorem taxation by those political subdivisions.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 1, Article VIII, Texas Constitution, is
  amended by amending Subsection (i) and adding Subsection (j) to
  read as follows:
         (i)  Notwithstanding Subsections (a) and (b) of this
  section, the Legislature by general law may limit the maximum
  appraised value of a residence homestead for purposes of ad valorem
  taxation by a school district other than a junior college district,
  a majority of the territory of which is located in Harris County,
  [tax purposes] in a tax year to the lesser of the most recent market
  value of the residence homestead as determined by the appraisal
  entity or 105 [110] percent, or a greater percentage, of the
  appraised value of the residence homestead for the preceding tax
  year, and for purposes of ad valorem taxation by all other political
  subdivisions in this state to the lesser of that most recent market
  value or 110 percent, or a greater percentage of that appraised
  value. A limitation on appraised values authorized by this
  subsection:
               (1)  takes effect as to a residence homestead on the
  later of the effective date of the law imposing the limitation or
  January 1 of the tax year following the first tax year the owner
  qualifies the property for an exemption under Section 1-b of this
  article; and
               (2)  expires on January 1 of the first tax year that
  neither the owner of the property when the limitation took effect
  nor the owner's spouse or surviving spouse qualifies for an
  exemption under Section 1-b of this article.
         (j)  Notwithstanding Subsections (a), (b), and (i) of this
  section, the Legislature by general law may authorize the governing
  body of a political subdivision other than a school district but
  including a junior college district, a majority of the territory of
  which is located in Harris County, to establish for purposes of ad
  valorem taxation by the political subdivision a limit on the
  maximum appraised value of a residence homestead in the political
  subdivision of 105 percent of the appraised value of the property
  for the preceding tax year. A limit on maximum appraised value
  established under this subsection takes effect as to a residence
  homestead on the later of January 1 of the tax year following the
  year in which the limit is established or January 1 of the tax year
  following the first tax year the owner qualifies the property for an
  exemption under Section 1-b of this article. As to a residence
  homestead, the limit expires on January 1 of the first tax year that
  neither the owner of the property when the limit took effect nor the
  owner's spouse or surviving spouse qualifies for an exemption under
  Section 1-b of this article. If the governing body of a political
  subdivision establishes a limit on maximum appraised value under
  this subsection, the limit remains in effect until repealed or
  rescinded by the governing body of the political subdivision.
         SECTION 2.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 3, 2009.
  The ballot shall be printed to permit voting for or against the
  proposition: "The constitutional amendment authorizing the
  legislature to establish for purposes of ad valorem taxation by
  certain school districts in Harris County a limit on the maximum
  appraised value of residence homesteads of 105 percent of the
  appraised value of the property for the preceding tax year and to
  permit certain other political subdivisions in Harris County to
  establish a 105 percent limit on the maximum appraised value of
  residence homesteads for ad valorem taxation by those political
  subdivisions."