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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 an exemption from ad valorem taxation by a political |
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subdivision other than a school district of a portion of the |
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assessed value of a residence homestead based on the average |
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assessed value of all qualified residence homesteads that are |
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located in the same county as the homestead. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1-b, Article VIII, Texas Constitution, |
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is amended by adding Subsection (t) to read as follows: |
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(t) In addition to any other exemption authorized or |
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prescribed by this section, the legislature by general law may |
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provide for an exemption from ad valorem taxation by a political |
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subdivision of this state other than a school district of a portion |
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of the assessed value of an individual's residence homestead in an |
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amount equal to 5 percent, or a greater percentage not to exceed 25 |
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percent specified by the governing body of the political |
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subdivision in the manner provided by law for official action by the |
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body, of the average assessed value of all residence homesteads |
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that are located in the same county as the individual's homestead |
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and that qualify for an exemption under this section. For purposes |
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of computing the average assessed value of residence homesteads, |
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the general law may provide for disregarding a change in the |
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assessed value of a residence homestead or concerning the |
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qualification of a property for a residence homestead exemption |
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made after a specified date. |
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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 2, 2021. |
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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 an exemption from ad valorem taxation by |
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a political subdivision other than a school district of a portion of |
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the assessed value of a residence homestead based on the average |
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assessed value of all qualified residence homesteads that are |
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located in the same county as the homestead." |