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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 the assessment of ad valorem taxes on real property |
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on the basis of the lesser of the appraised value of the property or |
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the average appraised value of the property over a specified time |
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period and authorizing exceptions to the assessment of those taxes |
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based on that method. |
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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 provide that ad valorem taxes be |
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assessed on real property for a year on the basis of the lesser of |
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the appraised value of the property for that year or the average |
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appraised value of the property during the five-year period ending |
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with the year for which the taxes are assessed. A general law |
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enacted under this subsection may provide for the exclusion under |
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circumstances determined by the legislature of one or more years |
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from the period used to calculate the average appraised value, |
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including if the appraised value of the property decreases |
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significantly in a year. A general law enacted under this |
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subsection may prescribe procedures for the administration of this |
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subsection, including provisions for its implementation in stages. |
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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 5, 2019. |
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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 the assessment of ad valorem taxes on |
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real property on the basis of the lesser of the appraised value of |
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the property or the average appraised value of the property for the |
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most recent five years and authorizing exceptions to the assessment |
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of those taxes based on that method." |