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TX SJR30
Joint Resolution
Status
12/17/2024
Primary Sponsor
Sarah Eckhardt
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AI Summary
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Proposes a constitutional amendment allowing governing bodies of political subdivisions (cities, counties, etc.) to adopt a homestead exemption from property taxes based on a specific dollar amount of the home's market value
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Sets a minimum exemption amount of $5,000 that political subdivisions must meet if they choose to adopt this exemption
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Authorizes the legislature to prohibit political subdivisions from reducing or repealing an exemption once adopted
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Preserves the ability of political subdivisions to continue collecting property taxes on exempted homestead values to pay off existing debt obligations
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Requires voter approval at an election on November 4, 2025, with the exemption taking effect for the tax year beginning January 1, 2026
Legislative Description
Proposing a constitutional amendment authorizing the governing body of a political subdivision to adopt an exemption from ad valorem taxation of a portion, expressed as a dollar amount, of the market value of an individual's residence homestead.
Property Interests
Last Action
Referred to Local Government
2/3/2025