By: Vasut H.J.R. No. 11       A JOINT RESOLUTION   proposing a constitutional amendment to authorize the legislature   to limit the maximum appraised value of real property for ad valorem   tax purposes to 103.5 percent or more of the appraised value of the   property for the preceding tax year.          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 real property [a residence homestead] for ad   valorem tax purposes in a tax year to the lesser of the most recent   market value of the real property [residence homestead] as   determined by the appraisal entity or 103.5 [110] percent, or a   greater percentage, of the appraised value of the real property   [residence homestead] for the preceding tax year. A limitation on   appraised values authorized by this subsection:                (1)  takes effect in the tax year following the first   tax year in which the owner owns the property on January 1 or, if the   property qualifies for an exemption as the [to a] residence   homestead of the owner under Section 1-b of this article in the tax   year in which the owner acquires the property, in [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 in which the owner   acquires [qualifies] the property [for an exemption under Section   1-b of this article]; and                (2)  expires on January 1 of the [first] tax year   following the tax year in which [that neither] the owner of the   property when the limitation took effect ceases to own the   property, except that the Legislature by general law may provide   for the limitation applicable to a residence homestead to continue   during ownership of the property by [nor] the owner's spouse or   surviving spouse [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 2, 2021.   The ballot shall be printed to permit voting for or against the   proposition: "The constitutional amendment to authorize the   legislature to limit the maximum appraised value of real property   for ad valorem tax purposes to 103.5 percent or more of the   appraised value of the property for the preceding tax year."