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HJR 114

Memorials, Death - Dr. Zachary Tyler Medley -

114th Regular Session (2025-2026) Introduced by Michael Hale

Constitutional amendment HJR 114 would allow the Legislature to cap the maximum appraised value used for real property ad valorem taxes, enabling future cap rules.

Signed by Governor.
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Bill Summary · HJR 114

Summary of HJR 114 (2025)

Overview

HJR 114 is a joint resolution proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of real property for ad valorem (property) tax purposes. The measure would allow future legislation to set a cap on how high the assessed value of real property may be for tax calculations.

Purpose and Intent

  • Authorize the Legislature to enact a cap on the maximum appraised value used to determine ad valorem taxes on real property.
  • Create a constitutional mechanism that would enable subsequent statutes to define and implement limits on how much real property values can be appraised for tax purposes.

Key Provisions (as stated)

  • It is a constitutional amendment proposed via a joint resolution (HJR 114).
  • The amendment would empower the Legislature to limit the maximum appraised value of real property for ad valorem tax purposes.
  • Specific implementation details (e.g., exact cap formula, exemptions, transition rules) are not included in the provided text and would be established through future enabling legislation if the amendment is approved by voters.

Affected Parties and Impacts

  • Real property owners: Potentially could benefit from slower growth in property tax assessments if a cap is adopted.
  • Appraisal districts and local taxing authorities: Likely to be affected by changes to how property is valued for tax purposes; could impact revenue growth and budgeting.
  • Mortgage lenders and taxpayers relying on property tax stability: Could experience more predictable tax bills, depending on the cap structure.
  • State constitutional framework: A statewide constitutional amendment would require voter approval, enabling the Legislature to create cap-based rules through subsequent laws.

Procedural History and Status

  • Introduced: January 16, 2025.
  • Classification: Joint resolution.
  • Current Status: Referred to the House "s/c on Property Tax Appraisals" by the Speaker.
  • Legislative actions to date:
    • January 16, 2025: Filed.
    • March 14, 2025: Read first time; Referred to s/c on Property Tax Appraisals by Speaker.
  • Related Bill: HJR 53 (companion bill).

Timeline and Next Steps

  • If the subcommittee advances the measure, it would move back to the full chamber for consideration, then to the other chamber (if applicable).
  • If both chambers pass the joint resolution, it would be placed on the ballot for voter ratification. Approval by voters would constitutionalize the cap authority.
  • Details on the cap’s design, scope, exemptions, and effective dates would be addressed in future implementing legislation if the amendment is approved.

Related Considerations

  • The bill’s text does not specify cap parameters, transitional rules, or exemptions. Those would be anticipated in accompanying or subsequent legislation once the constitutional amendment is approved.
  • HJR 53 is noted as a companion bill, potentially addressing similar or related language in the other chamber.

This summary provides the bill’s core purpose, potential effects, and current procedural status based on the information available.

Compiled from official sources — confirm details with the bill’s official record.

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