Proposing a constitutional amendment to authorize the legislature to provide for a reduction of the appraised value of a residence homestead for ad valorem tax purposes for the first tax year in which the owner qualifies the property for a residence homestead exemption based on the amount by which the limitation on increases in the appraised value of a residence homestead reduced the appraised value of the owner’s former residence homestead for the last tax year in which the owner qualified the former residence homestead for a residence homestead exemption.
proposing a constitutional amendment to authorize the legislature
to provide for a reduction of the appraised value of a residence
homestead for ad valorem tax purposes for the first tax year in
which the owner qualifies the property for a residence homestead
exemption based on the amount by which the limitation on increases
in the appraised value of a residence homestead reduced the
appraised value of the owner’s former residence homestead for the
last tax year in which the owner qualified the former residence
homestead for a residence homestead exemption.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 1, Article VIII, Texas Constitution, is
amended by adding Subsection (i-1) to read as follows:
(i-1) The Legislature by general law may provide that the
owner of a residence homestead who receives a limitation on
increases in the appraised value of the residence homestead under
Subsection (i) of this section and who subsequently qualifies a
different property as the owner’s residence homestead is entitled
to a reduction in the appraised value of the subsequently qualified
residence homestead for the first tax year in which the owner
qualifies the subsequently qualified homestead for a residence
homestead exemption in an amount equal to all or part of the amount
by which the limitation provided by Subsection (i) of this section
reduced the appraised value of the owner’s former residence
homestead for the last tax year in which the owner qualified the
former residence homestead for a residence homestead exemption. A
general law enacted under this subsection may prescribe a limit on
the dollar amount of the reduction an owner may receive under this
subsection.
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 a reduction of the appraised value of a
residence homestead for ad valorem tax purposes for the first tax
year in which the owner qualifies the property for a residence
homestead exemption based on the amount by which the limitation on
increases in the appraised value of a residence homestead reduced
the appraised value of the owner’s former residence homestead for
the last tax year in which the owner qualified the former residence
homestead for a residence homestead exemption.”
