Homestead Taxes
Texas Ballot Measure - Proposition 3
Election: General Nov. 1, 2007 (General)
Outcome: Passed
Categories:
Housing and PropertyConstitution
Taxes
Summary
HJR 40 would authorize the legislature to limit the maximum appraised value of a residence homestead for property tax purposes in a tax year to the lesser of the most recent appraisal valuation, or 110 percent, or a greater percentage as determined by the legislature, of the appraised value in the preceding tax year.
Measure Text
The constitutional amendment authorizing the legislature to provide that the maximum appraised value of a residence homestead for ad valorem taxation is limited to the lesser of the most recent market value of the residence homestead as determined by the appraisal entity or 110 percent, or a greater percentage, of the appraised value of the residence homestead for the preceding tax year.
Resources
Full Text
Source