HJR 40, 80th R.S.
Proposition Prop. 3 - The constitutional amendment authorizing the legislature to provide that the maximum appraised value of a residence homestead for ad valorem taxation is limited to the lesser of the most recent market value of the residence homestead as determined by the appraisal entity or 110 percent, or a greater percentage, of the appraised value of the residence homestead for the preceding tax year.
Outcome: Adopted
Election date: 11/06/2007
Votes for: 769,908
Votes against: 306,830
Enabling legislation
HB 438 (80 R.S.) Relating to the limitation on the maximum percentage increase in the appraised value of a residence homestead for ad valorem taxation.
Articles affected
Article 8 :
Amends
§1
(i)
Analyses of proposed amendments:
House Research Organization Amendments Proposed for the November 6, 2007 election.
Texas Legislative Council Analyses of Proposed Constitutional Amendments for the November 6, 2007 election.
Effective dates
Unless otherwise specified, an amendment takes effect as part of the constitution on the date of the official canvass of election returns showing adoption of the amendment.
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