HJR 20, 87th 2nd C.S. history

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HJR 20, 87th 2nd C.S.
Proposing a constitutional amendment authorizing the legislature to limit the maximum appraised value of residential real property for ad valorem tax purposes to 105 percent or more of the appraised value of the property for the preceding tax year, to exempt from ad valorem taxation the total appraised value of property purchased by an individual for the first tax year the individual qualifies the property as the individual's residence homestead if the property is the individual's first residence homestead and has an appraised value of less than $300,000, and to limit the total amount of ad valorem taxes that a political subdivision may impose on the residence homestead of an individual and the surviving spouse of the individual if the individual qualifies the property as the individual's residence homestead for at least 25 consecutive tax years.

Last action: Filed

Author: Steve Allison
Joint Author: Ryan Guillen

Enabling legislation: HB 157

Property Interests--Homestead
Property Interests--Real Property
Resolutions--Constitutional Amendments
Taxation--Property-Appraisals & Appraisal Districts
Taxation--Property-Assessment & Collection

Index to Sections Affected

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