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A JOINT RESOLUTION
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proposing a constitutional amendment to authorize the legislature |
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to provide for a reduction of the appraised value of a residence |
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homestead for ad valorem tax purposes for the first tax year in |
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which the owner qualifies the property for a residence homestead |
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exemption based on the amount by which the limitation on increases |
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in the appraised value of a residence homestead reduced the |
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appraised value of the owner's former residence homestead for the |
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last tax year in which the owner qualified the former residence |
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homestead for a residence homestead exemption. |
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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 (i-1) to read as follows: |
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(i-1) The Legislature by general law may provide that the |
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owner of a residence homestead who receives a limitation on |
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increases in the appraised value of the residence homestead under |
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Subsection (i) of this section and who subsequently qualifies a |
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different property as the owner's residence homestead is entitled |
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to a reduction in the appraised value of the subsequently qualified |
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residence homestead for the first tax year in which the owner |
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qualifies the subsequently qualified homestead for a residence |
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homestead exemption in an amount equal to all or part of the amount |
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by which the limitation provided by Subsection (i) of this section |
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reduced the appraised value of the owner's former residence |
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homestead for the last tax year in which the owner qualified the |
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former residence homestead for a residence homestead exemption. A |
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general law enacted under this subsection may prescribe a limit on |
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the dollar amount of the reduction an owner may receive under this |
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subsection. |
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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 4, 2025. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment to authorize the |
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legislature to provide for a reduction of the appraised value of a |
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residence homestead for ad valorem tax purposes for the first tax |
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year in which the owner qualifies the property for a residence |
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homestead exemption based on the amount by which the limitation on |
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increases in the appraised value of a residence homestead reduced |
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the appraised value of the owner's former residence homestead for |
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the last tax year in which the owner qualified the former residence |
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homestead for a residence homestead exemption." |