Proposing a constitutional amendment to allow a tax reduction for new homestead owners based on previous tax assessments.

This bill proposes a constitutional amendment to allow the Texas legislature to reduce the appraised value of a new homestead for ad valorem tax purposes for the first tax year if the owner previously had a residence homestead exemption. The reduction would be based on the amount by which the limitation on increases in the appraised value of the former homestead reduced its appraised value for the last tax year. The amendment will be submitted to voters in the November 4, 2025 election.

Proposing a constitutional amendment to allow a tax reduction for new homestead owners based on previous tax assessments.

This bill proposes a constitutional amendment to allow the Texas legislature to reduce the appraised value of a new homestead for ad valorem tax purposes for the first tax year if the owner previously had a residence homestead exemption. The reduction would be based on the amount by which the limitation on increases in the appraised value of the former homestead reduced its appraised value for the last tax year. The amendment will be submitted to voters in the November 4, 2025 election.