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TX HJR154
Joint Resolution
Status
2/24/2025
Primary Sponsor
Chris Turner
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AI Summary
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Authorizes governing bodies of political subdivisions to adopt a residence homestead exemption from ad valorem (property) taxation expressed as a fixed dollar amount rather than a percentage of market value
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Sets the maximum exemption amount at $100,000 for the 2026 tax year
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Requires the Comptroller of Public Accounts to annually adjust the maximum exemption amount for inflation in subsequent tax years
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Removes the previous 20% cap and $5,000 minimum that applied to percentage-based homestead exemptions, as well as references to county education districts
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Would be submitted to voters at an election on November 4, 2025, with the amendment taking effect for the tax year beginning January 1, 2026
Legislative Description
Proposing a constitutional amendment authorizing the governing body of a political subdivision to adopt an exemption from ad valorem taxation of a portion, expressed as a dollar amount, of the market value of an individual's residence homestead and providing for the adjustment of the exemption amount in subsequent years to reflect inflation.
Property Interests
Last Action
Referred to Ways & Means
3/24/2025