Texas HJR53 proposes a constitutional amendment to allow the legislature to set a cap on the maximum appraised value of real property for ad valorem.

Texas HJR53 proposes a constitutional amendment to authorize the legislature to limit the maximum appraised value of real property for ad valorem tax purposes. The amendment would allow the legislature to set the maximum appraised value at the lesser of the most recent market value or a percentage of the previous year's appraised value. This limitation would take effect in the tax year following the first year the owner owns the property on January 1. The amendment would also repeal certain sections of the Texas Constitution and include a temporary provision that expires January 1, 2027.

Texas HJR53 proposes a constitutional amendment to allow the legislature to set a cap on the maximum appraised value of real property for ad valorem.

Texas HJR53 proposes a constitutional amendment to authorize the legislature to limit the maximum appraised value of real property for ad valorem tax purposes. The amendment would allow the legislature to set the maximum appraised value at the lesser of the most recent market value or a percentage of the previous year's appraised value. This limitation would take effect in the tax year following the first year the owner owns the property on January 1. The amendment would also repeal certain sections of the Texas Constitution and include a temporary provision that expires January 1, 2027.