SJR83 - Proposing a constitutional amendment to authorize the legislature to provide for the continuation of a limitation on the maximum appraised value of a residence homestead for ad valorem tax purposes if the property is acquired by and qualifies as the homestead of an heir of the owner or the owner's spouse or surviving spouse.

  89R391 TJB-D     By: Miles S.J.R. No. 83       A JOINT RESOLUTION   proposing a constitutional amendment to authorize the legislature   to provide for the continuation of a limitation on the maximum   appraised value of a residence homestead for ad valorem tax   purposes if the property is acquired by and qualifies as the   homestead of an heir of the owner or the owner's spouse or surviving   spouse.          BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 1(i), Article VIII, Texas Constitution,   is 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   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   none of the following individuals qualify for an exemption under   Section 1-b of this article with respect to the property:                       (A)   [ neither ] the owner of the property when the   limitation took effect ;                       (B)   [ nor ] the owner's spouse or surviving spouse ;   or                       (C)     the first heir of an individual described by   Paragraph (A) or (B) of this subdivision to acquire the property   [ qualifies for an exemption under Section 1-b of this article ].          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 permit voting for or against the   proposition: "The constitutional amendment to authorize the   legislature to provide for the continuation of a limitation on the   maximum appraised value of a residence homestead for ad valorem tax   purposes if the property is acquired by and qualifies as the   homestead of an heir of the owner or the owner's spouse or surviving   spouse."