88R1622 TJB-D
 
  By: Capriglione H.J.R. No. 6
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment to authorize the legislature
  to establish a lower limit on the maximum appraised value of
  residence homesteads for ad valorem tax purposes and to establish a
  limit on the value of single-family residences other than residence
  homesteads for those purposes.
         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 (l) 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 ad valorem 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. 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.
         (l)  Notwithstanding Subsections (a) and (b) of this
  section, the Legislature by general law may limit the maximum
  appraised value of a single-family residence other than a residence
  homestead for ad valorem tax purposes in a tax year to the lesser of
  the most recent market value of the property as determined by the
  appraisal entity or 110 percent, or a greater percentage, of the
  appraised value of the property for the preceding tax year. A
  limitation on appraised values authorized by this subsection:
               (1)  takes effect as to a single-family residence 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 in which
  the owner owns the property on January 1 and in which the property
  is used as a single-family residence; and
               (2)  expires on January 1 of the tax year following the
  tax year in which the owner of the property ceases to own the
  property or the property ceases to be used as a single-family
  residence.
         SECTION 2.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 7, 2023.
  The ballot shall be printed to provide for voting for or against the
  proposition: "The constitutional amendment to authorize the
  legislature to limit the maximum appraised value of a residence
  homestead for ad valorem tax purposes to 105 percent or more of the
  appraised value of the property for the preceding tax year and to
  limit the maximum appraised value of a single-family residence
  other than a residence homestead for those purposes to 110 percent
  or more of the appraised value of the property for the preceding tax
  year."