HJR 9

By: Tepper
  H.J.R. No. 9
  A JOINT RESOLUTION
  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.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.   Sections 1(i) and (n), Article VIII, Texas
  Constitution, are amended to read as follows:
         (i)  Notwithstanding Subsections (a) and (b) of this
  section, the Legislature by general law may limit the maximum
  appraised value of a residence homestead for ad valorem tax
  purposes in a tax year to the lesser of the most recent market value
  of the residence homestead as determined by the appraisal entity or
  102.5 [110] percent, or a greater percentage, of the appraised
  value of the residence homestead for the preceding tax year.  A
  limitation on appraised values authorized by this subsection:
               (1)  takes effect as to a residence homestead on the
  later of the effective date of the law imposing the limitation or
  January 1 of the tax year following the first tax year the owner
  qualifies the property for an exemption under Section 1-b of this
  article; and
               (2)  expires on January 1 of the first tax year that
  neither the owner of the property when the limitation took effect
  nor the owner's spouse or surviving spouse qualifies for an
  exemption under Section 1-b of this article.
         (n)  This subsection does not apply to a residence homestead
  to which Subsection (i) of this section applies.  Notwithstanding
  Subsections (a) and (b) of this section, the Legislature by general
  law may limit the maximum appraised value of real property for ad
  valorem tax purposes in a tax year to the lesser of the most recent
  market value of the property as determined by the appraisal entity
  or 108 [120] percent, or a greater percentage, of the appraised
  value of the property for the preceding tax year.  The general law
  enacted under this subsection may prescribe additional eligibility
  requirements for the limitation on appraised values authorized by
  this subsection.  A limitation on appraised values authorized by
  this subsection:
               (1)  takes effect as to a parcel of real property
  described by this subsection on the later of the effective date of
  the law imposing the limitation or January 1 of the tax year
  following the first tax year in which the owner owns the property on
  January 1; and
               (2)  expires on January 1 of the tax year following the
  tax year in which the owner of the property ceases to own the
  property.
         SECTION 2.  Section 1(n-1), Article VIII, Texas
  Constitution, is repealed.
         SECTION 3.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held May 2, 2026.  The
  ballot shall be printed to permit voting for or against the
  proposition:  "The 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."