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TX SJR23
Joint Resolution
Status
11/12/2024
Primary Sponsor
Lois Kolkhorst
Click for details
AI Summary
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Amends the Texas Constitution to lower the annual appraisal cap on non-homestead real property from 120% to 110% of the previous year's appraised value for ad valorem tax purposes
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Extends the expiration date of the non-homestead appraisal cap provision from December 31, 2026 to December 31, 2031
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Does not apply to residence homesteads, which are covered under a separate constitutional provision
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Appraisal limitation takes effect for a property on January 1 of the tax year following the owner's first year of ownership and expires when ownership changes
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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 to authorize the legislature to set a lower limit on the maximum appraised value of real property other than a residence homestead for ad valorem tax purposes and to postpone the expiration of the limit.
Property Interests
Last Action
Referred to Local Government
2/3/2025