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TX HJR167
Joint Resolution
Status
3/5/2025
Primary Sponsor
David Lowe
Click for details
AI Summary
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Proposes amending the Texas Constitution to raise the homestead appraisal cap from 110% to 115% of the previous appraised value, or the current market value, whichever is lower
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Authorizes the legislature to limit how frequently a residence homestead can be reappraised for property tax purposes
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Allows county commissioners courts to call elections permitting voters to establish a higher percentage cap on appraised value than the 115% set by the legislature
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County-level appraisal caps approved by voters would apply to all political subdivisions within that county and remain in effect until amended or repealed by a subsequent county election
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Constitutional amendment would be submitted to Texas voters at an election on November 4, 2025
Legislative Description
Proposing a constitutional amendment authorizing the legislature to limit the maximum appraised value of a residence homestead for ad valorem tax purposes to the lesser of the most recent market value of the residence homestead or 115 percent, or a greater percentage, of the appraised value of the residence homestead for the last year in which the residence homestead was appraised for ad valorem tax purposes, to limit the frequency of the reappraisal of a residence homestead for those purposes, and to permit the voters of a county to establish a higher limitation on the maximum appraised value of a residence homestead for those purposes.
Taxation
Last Action
Referred to s/c on Property Tax Appraisals by Speaker
3/26/2025