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A JOINT RESOLUTION
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proposing a constitutional amendment authorizing the governing |
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body of a political subdivision to adopt a residence homestead |
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exemption from ad valorem taxation of either a percentage or a |
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portion, expressed as a dollar amount, of the market value of an |
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individual's residence 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(e), Article VIII, Texas |
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Constitution, is amended to read as follows: |
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(e) The governing body of a political subdivision[, other |
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than a county education district,] may exempt from ad valorem |
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taxation a percentage of the market value of the residence |
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homestead of a married or unmarried adult, including one living |
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alone. [In the manner provided by law, the voters of a county |
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education district at an election held for that purpose may exempt |
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from ad valorem taxation a percentage of the market value of the |
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residence homestead of a married or unmarried adult, including one |
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living alone.] The percentage may not exceed twenty |
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percent. However, the amount of a percentage [an] exemption |
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authorized pursuant to this subsection may not be less than $5,000 |
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unless the legislature by general law prescribes other monetary |
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restrictions on the amount of the exemption. As an alternative, the |
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governing body of the political subdivision may exempt from ad |
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valorem taxation a portion, expressed as a dollar amount, of the |
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market value of the residence homestead of a married or unmarried |
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adult, including one living alone. The amount of the alternative |
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exemption may not be less than $5,000. The legislature by general |
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law may prohibit the governing body of a political subdivision that |
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adopts an exemption under this subsection from reducing the amount |
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of or repealing the exemption. An eligible adult is entitled to |
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receive other applicable exemptions provided by law. Where ad |
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valorem tax has previously been pledged for the payment of debt, the |
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governing body of a political subdivision may continue to levy and |
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collect the tax against the value of the homesteads exempted under |
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this subsection until the debt is discharged if the cessation of the |
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levy would impair the obligation of the contract by which the debt |
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was created. The legislature by general law may prescribe |
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procedures for the administration of residence homestead |
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exemptions. |
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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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governing body of a political subdivision to adopt a residence |
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homestead exemption from ad valorem taxation of either a percentage |
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or a portion, expressed as a dollar amount, of the market value of |
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an individual's residence homestead." |