Texas SJR23 proposes a constitutional amendment to allow the legislature to set a lower limit on the maximum appraised value of real property other.

Texas SJR23 proposes a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of real property other than a residence homestead for ad valorem tax purposes. The amendment would allow the legislature to limit the maximum appraised value of real property for tax purposes to the lesser of the most recent market value or a percentage of the appraised value from the preceding tax year. The amendment also seeks to postpone the expiration of the limit, which currently expires on January 1, 2031.

Texas SJR23 proposes a constitutional amendment to allow the legislature to set a lower limit on the maximum appraised value of real property other.

Texas SJR23 proposes a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of real property other than a residence homestead for ad valorem tax purposes. The amendment would allow the legislature to limit the maximum appraised value of real property for tax purposes to the lesser of the most recent market value or a percentage of the appraised value from the preceding tax year. The amendment also seeks to postpone the expiration of the limit, which currently expires on January 1, 2031.