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TX HJR56
Joint Resolution
Status
11/12/2024
Primary Sponsor
Carl Tepper
Click for details
AI Summary
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Reduces the constitutional cap on annual appraised value increases for residence homesteads from 10% to 2.5% for ad valorem tax purposes
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Lowers the cap on annual appraised value increases for non-homestead real property from 20% to 8%
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Makes permanent the appraisal cap for non-homestead real property by repealing the provision that would have allowed it to expire
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Authorizes the legislature to set even lower percentage limits on appraised value increases beyond the constitutional minimums established
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Requires voter approval at an election to be held November 4, 2025
Legislative Description
Proposing a constitutional amendment to authorize the legislature to set lower limits on the maximum appraised value of residence homesteads and of real property other than a residence homestead for ad valorem tax purposes and to make permanent the limit on the maximum appraised value of real property other than a residence homestead.
Property Interests
Last Action
Referred to s/c on Property Tax Appraisals by Speaker
3/3/2025