85R3276 SMH-D     By: Nichols S.J.R. No. 19       A JOINT RESOLUTION   proposing a constitutional amendment to authorize the legislature   to limit the maximum appraised value of a residence homestead for ad   valorem tax purposes to 105 percent or less of the appraised value   of the property for the preceding tax year and to permit the voters   of a county to establish a higher limitation not to exceed 110   percent on the maximum appraised value of a residence homestead in   the county.          BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 1, Article VIII, Texas Constitution, is   amended by amending Subsection (i) and adding Subsections (i-1) and   (i-2) 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   105 [110] percent, or a lesser [greater] percentage but not less   than 100 percent, 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   neither the owner of the property when the limitation took effect   nor the owner's spouse or surviving spouse qualifies for an   exemption under Section 1-b of this article.          (i-1)  Notwithstanding Subsections (a) and (b) of this   section, if the Legislature establishes a limitation on the maximum   appraised value of a residence homestead as authorized by   Subsection (i) of this section, the commissioners court of a county   may call an election in the county to permit the voters to determine   by majority vote whether to establish for purposes of ad valorem   taxation by each political subdivision in the county a percentage   limitation on the maximum appraised value of a residence homestead   in the county that is greater than the percentage established by the   Legislature under Subsection (i) of this section but not more than   110 percent. The ballot proposition shall specify the proposed   percentage limitation on maximum appraised value. If approved by   the voters, the limitation applies beginning with the tax year   following the year in which the election is held.  A limitation on   maximum appraised value established under this subsection takes   effect as to a residence homestead on the later of January 1 of the   tax year following the year in which the election is held 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. As   to a residence homestead, the limitation expires on January 1 of the   first tax year that neither the owner of the property when the   limitation took effect nor the owner's spouse or surviving spouse   qualifies for an exemption under Section 1-b of this article.  If   the voters of a county establish a limitation on maximum appraised   value under this subsection, the limitation remains in effect until   the tax year following a year in which the limitation is amended or   repealed by the voters of the county at a subsequent election called   by the commissioners court.  The Legislature by general law may   limit the frequency with which elections authorized by this   subsection may be called in a county.          (i-2)  The Legislature by general law may provide that a   limitation on the maximum appraised value of a residence homestead   established under Subsection (i) or (i-1) of this section does not   apply to a new improvement to the residence homestead.          SECTION 2.  This proposed constitutional amendment shall be   submitted to the voters at an election to be held November 7, 2017.   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 a residence   homestead for ad valorem tax purposes to 105 percent or less of the   appraised value of the property for the preceding tax year and to   permit the voters of a county to establish a higher limitation not   to exceed 110 percent on the maximum appraised value of a residence   homestead in the county."