Bill Text: TX SJR9 | 2013-2014 | 83rd Legislature | Introduced


Bill Title: Proposing a 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 less of the appraised value of the property for the preceding tax year and to permit the voters of a county to establish a higher limitation not to exceed 110 percent on the maximum appraised value of a residence homestead in the county.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2013-02-13 - Referred to s/c on Fiscal Matters by Chair [SJR9 Detail]

Download: Texas-2013-SJR9-Introduced.html
  83R1297 SMH-D
 
  By: Nichols S.J.R. No. 9
 
 
 
A JOINT RESOLUTION
  proposing a 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 less of the appraised value
  of the property for the preceding tax year and to permit the voters
  of a county to establish a higher limitation not to exceed 110
  percent on the maximum appraised value of a residence homestead in
  the county.
         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 Subsections (i-1) and
  (i-2) 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 lesser [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.
         (i-1)  Notwithstanding Subsections (a) and (b) of this
  section, if the Legislature establishes a limitation on the maximum
  appraised value of a residence homestead as authorized by
  Subsection (i) of this section, the commissioners court of a county
  may call an election in the county to permit the voters to determine
  by majority vote whether to establish for purposes of ad valorem
  taxation by each political subdivision in the county a percentage
  limitation on the maximum appraised value of a residence homestead
  in the county that is greater than the percentage established by the
  Legislature under Subsection (i) of this section but not more than
  110 percent. The ballot proposition shall specify the proposed
  percentage limitation on maximum appraised value. If approved by
  the voters, the limitation applies beginning with the tax year
  following the year in which the election is held.  A limitation on
  maximum appraised value established under this subsection takes
  effect as to a residence homestead on the later of January 1 of the
  tax year following the year in which the election is held 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. As
  to a residence homestead, the limitation 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.  If
  the voters of a county establish a limitation on maximum appraised
  value under this subsection, the limitation remains in effect until
  the tax year following a year in which the limitation is amended or
  repealed by the voters of the county at a subsequent election called
  by the commissioners court.  The Legislature by general law may
  limit the frequency with which elections authorized by this
  subsection may be called in a county.
         (i-2)  The Legislature by general law may provide that a
  limitation on the maximum appraised value of a residence homestead
  established under Subsection (i) or (i-1) of this section does not
  apply to a new improvement to the residence homestead.
         SECTION 2.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 5, 2013.
  The ballot shall be printed to permit 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 less of the
  appraised value of the property for the preceding tax year and to
  permit the voters of a county to establish a higher limitation not
  to exceed 110 percent on the maximum appraised value of a residence
  homestead in the county."
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