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TX HJR153
Joint Resolution
Status
2/24/2025
Primary Sponsor
Jay Dean
Click for details
AI Summary
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Proposes a constitutional amendment to allow homeowners to transfer property tax savings from their previous home to a new residence homestead
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Authorizes the legislature to reduce the appraised value of a new homestead by all or part of the amount that appraisal caps had reduced the value of the owner's former homestead
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Applies only to the first tax year in which the owner qualifies the new property for a residence homestead exemption
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Permits the legislature to set a dollar limit on the maximum reduction an owner may receive when transferring this benefit
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Requires voter approval at an election scheduled for November 4, 2025
Legislative Description
Proposing a constitutional amendment to authorize the legislature to provide for a reduction of the appraised value of a residence homestead for ad valorem tax purposes for the first tax year in which the owner qualifies the property for a residence homestead exemption based on the amount by which the limitation on increases in the appraised value of a residence homestead reduced the appraised value of the owner's former residence homestead for the last tax year in which the owner qualified the former residence homestead for a residence homestead exemption.
Property Interests
Last Action
Referred to s/c on Property Tax Appraisals by Speaker
3/24/2025