88R509 RDS-D     By: Metcalf H.J.R. No. 73       A JOINT RESOLUTION   proposing a constitutional amendment to authorize the legislature   to set a lower limit on the maximum appraised value of a residence   homestead for ad valorem taxation.          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 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 greater percentage, 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.          SECTION 2.  This proposed constitutional amendment shall be   submitted to the voters at an election to be held November 7, 2023.   The ballot shall be printed to permit voting for or against the   proposition: "The constitutional amendment to authorize the   legislature to set a lower limit on the maximum appraised value of a   residence homestead for ad valorem taxation."