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TX HJR30
Joint Resolution
Status
11/12/2024
Primary Sponsor
Vikki Goodwin
Click for details
AI Summary
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Proposes a constitutional amendment allowing the legislature to cap annual property tax appraisal increases at 10% (or higher percentage set by law) for qualifying single-family rental properties
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Applies only to single-family residential properties leased as the tenant's primary residence at rent not exceeding fair market rent
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The appraisal cap takes effect January 1 of the tax year following the first year the property qualifies under the rental requirements
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The appraisal limitation expires January 1 of the tax year after the owner stops leasing the property at qualifying rent levels
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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 limitation on the maximum appraised value for ad valorem tax purposes of certain leased residential real property.
Property Interests
Last Action
Left pending in subcommittee
3/20/2025