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A JOINT RESOLUTION
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proposing a constitutional amendment authorizing the legislature |
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to permit certain political subdivisions in Harris County to |
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establish a limit on the maximum appraised value of residence |
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homesteads for ad valorem taxation by those political subdivisions |
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of 105 percent of the appraised value of the property for the |
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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 (k) to read as follows: |
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(k) Notwithstanding Subsections (a), (b), and (i) of this |
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section, the Legislature by general law may authorize the governing |
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body of a political subdivision other than a school district but |
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including a junior college district, a majority of the territory of |
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which is located in Harris County, to establish for purposes of ad |
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valorem taxation by the political subdivision a limit on the |
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maximum appraised value of a residence homestead in the political |
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subdivision of 105 percent of the appraised value of the property |
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for the preceding tax year. A limit on maximum appraised value |
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established under this subsection takes effect as to a residence |
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homestead on the later of January 1 of the tax year following the |
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year in which the limit is established or January 1 of the tax year |
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following the first tax year the owner qualifies the property for an |
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exemption under Section 1-b of this article. As to a residence |
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homestead, the limit expires on January 1 of the first tax year that |
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neither the owner of the property when the limit took effect nor the |
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owner's spouse or surviving spouse qualifies for an exemption under |
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Section 1-b of this article. If the governing body of a political |
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subdivision establishes a limit on maximum appraised value under |
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this subsection, the limit remains in effect until repealed or |
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rescinded by the governing body of the political subdivision. |
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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 8, 2011. |
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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 certain political subdivisions in Harris |
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County to establish a limit on the maximum appraised value of |
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residence homesteads for ad valorem taxation by those political |
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subdivisions of 105 percent of the appraised value of the property |
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for the preceding tax year." |