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TX HJR114
Joint Resolution
Status
1/16/2025
Primary Sponsor
David Cook
Click for details
AI Summary
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Expands the legislature's authority to cap annual property appraisal increases from residence homesteads only to all real property for ad valorem tax purposes
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Reduces the maximum annual appraisal increase cap from 110% to 105% of the previous year's appraised value (or current market value, whichever is lower)
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Changes when the appraisal cap takes effect to the tax year following the first year an owner holds the property on January 1, and expires when the owner ceases to own the property
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Allows the legislature to define "real property" to include manufactured or mobile homes used as dwellings
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Repeals existing constitutional provisions (Sections 1(n) and (n-1), Article VIII) effective January 1, 2026, with the amendment to be submitted to voters on November 4, 2025
Legislative Description
Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of real property for ad valorem tax purposes.
Property Interests
Last Action
Referred to s/c on Property Tax Appraisals by Speaker
3/14/2025