Proposing a constitutional amendment to allow the Texas legislature to limit ad valorem taxes on certain residence homesteads after a significant tax.
This bill proposes a constitutional amendment to authorize the Texas legislature to limit the total amount of ad valorem taxes that a school district may impose on certain residence homesteads following a substantial school tax increase. The amendment would allow the legislature to set limits on taxes for properties that have been designated as residence homesteads for 15 consecutive tax years and have experienced a tax increase of at least 120 percent during that period.
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