HJR 14, 88th R.S. history

HJR 14, 88th R.S.

Proposing a constitutional amendment authorizing the legislature to provide that the appraised value of a residence homestead for ad valorem tax purposes for the first tax year that the owner of the property qualifies the property for a residence homestead exemption is the market value of the property and that, if the owner purchased the property, the purchase price of the property is considered to be the market value of the property for that tax year and to limit increases in the appraised value of the homestead for subsequent tax years based on the inflation rate.

Last action: Referred to Ways & Means

Author: Steve Toth
Coauthor: Cody Vasut

Enabling legislation: HB 295

Subjects:
Property Interests--Homestead
Resolutions--Constitutional Amendments
Taxation--Property-Appraisals & Appraisal Districts
Taxation--Property-Exemptions

House Committee: Ways & Means (Morgan Meyer, Angie Button, Tom Craddick, Barbara Gervin-Hawkins, Cole Hefner, Sergio Muñoz, Jr., Candy Noble, Richard Peña Raymond, Hugh Shine, Shawn Thierry, Chris Turner)

Index to Sections Affected

Texas Legislature Online

The Legislative Archive System is a work in progress. Complete information is not available for all bills and all sessions. Visit the Legislative Archive System status page for details. Please contact the Legislative Reference Library at 512-463-1252 if you have any questions. Information on this website is provided as a public service by the Legislative Reference Library. The Legislative Reference Library makes no representation as to its completeness or accuracy and makes no warranty in regard to its use. Users assume all risk of reliance on the information included on this site.