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TX HJR53
Joint Resolution
Status
11/12/2024
Primary Sponsor
Cecil Bell
Click for details
AI Summary
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Expands the existing property tax appraisal cap from residence homesteads only to all real property, allowing the legislature to limit annual appraised value increases 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
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Changes when the appraisal limitation takes effect and expires based on property ownership rather than homestead exemption qualification, with the cap expiring when the owner sells or transfers the property
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Allows the legislature to define "real property" to potentially 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
3/3/2025