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  89R16897 LHC-D     By: Lowe H.J.R. No. 167       A JOINT RESOLUTION   proposing a constitutional amendment authorizing the legislature   to limit the maximum appraised value of a residence homestead for ad   valorem tax purposes to the lesser of the most recent market value   of the residence homestead or 115 percent, or a greater percentage,   of the appraised value of the residence homestead for the last year   in which the residence homestead was appraised for ad valorem tax   purposes, to limit the frequency of the reappraisal of a residence   homestead for those purposes, and to permit the voters of a county   to establish a higher limitation on the maximum appraised value of a   residence homestead for those purposes.          BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 1, Article VIII, Texas Constitution, is   amended by amending Subsection (i) and adding Subsections (k) and   (l) 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   115  [ 110 ] percent, or a greater percentage, of the appraised value   of the residence homestead for the last [ preceding tax ] year in   which the property was appraised for ad valorem tax purposes . 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.           (k)     Notwithstanding Subsections (a) and (b) of this   section, the Legislature by general law may limit the frequency   with which a residence homestead may be reappraised for ad valorem   tax purposes.           (l)     Notwithstanding Subsections (a) and (b) of this   section, if the Legislature establishes a limitation on the maximum   appraised value of a residence homestead as authorized by   Subsection (i) of this section, the commissioners court of a county   may call an election in the county to permit the voters of the   county to determine by majority vote whether to establish for   purposes of ad valorem taxation by each political subdivision in   the county a percentage limitation on the maximum appraised value   of a residence homestead in the county that is greater than the   percentage established by the Legislature under Subsection (i) of   this section. The ballot proposition shall specify the proposed   percentage limitation on maximum appraised value. A limitation on   maximum appraised value established under this subsection takes   effect as to a residence homestead on the later of January 1 of the   tax year following the year in which the election is held 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. As   to a residence homestead, the limitation 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. If   the voters of a county establish a limitation on maximum appraised   value under this subsection, the limitation remains in effect until   amended or repealed by the voters of the county at a subsequent   election called by the commissioners court of the county for that   purpose.          SECTION 2.  This proposed constitutional amendment shall be   submitted to the voters at an election to be held November 4, 2025.   The ballot shall be printed to provide for voting for or against the   proposition: "The constitutional amendment authorizing the   legislature to limit the maximum appraised value of a residence   homestead for ad valorem tax purposes to the lesser of the most   recent market value of the residence homestead or 115 percent, or a   greater percentage, of the appraised value of the residence   homestead for the last year in which the residence homestead was   appraised for ad valorem tax purposes, to limit the frequency of the   reappraisal of a residence homestead for those purposes, and to   permit the voters of a county to establish a higher limitation on   the maximum appraised value of a residence homestead for those   purposes."