Texas HJR28 proposes a constitutional amendment to allow the legislature to set a cap on the appraised value of certain commercial real property for.
Texas HJR28 proposes a constitutional amendment to authorize the legislature to limit the maximum appraised value of commercial real property for ad valorem tax purposes. This amendment would allow the legislature to set a cap on the appraised value of commercial real property with a market value not exceeding a prescribed amount. The cap would be set at 120 percent or more of the property's appraised value from the preceding tax year.
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- Core Provisions
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- Legal Framework
- Critical Issues
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