Proposing a constitutional amendment to authorize the legislature to exclude from the market value of real property for ad valorem tax purposes the value of any improvement, or any feature incorporated in an improvement, made to the property if the primary purpose of the improvement or feature is compliance with the requirements of standards that address accessible design of buildings or other facilities.
Impact
If passed, the amendment would significantly impact property tax assessments across the state, particularly benefiting property owners who undertake modifications to enhance accessibility in compliance with federal standards. This could encourage more widespread adoption of accessibility measures, fostering an inclusive environment for individuals with disabilities. Additionally, it may lead to increased investments in real property as owners may feel less constrained by potential tax repercussions of their improvements.
Summary
HJR42 proposes a constitutional amendment enabling the Texas legislature to exclude the value of certain property improvements from market value calculations for ad valorem tax purposes. Specifically, this amendment targets improvements made to comply with the 2010 Americans with Disabilities Act Standards for Accessible Design or any successor standards. The goal is to incentivize property owners to make accessibility improvements without incurring additional tax burdens related to those enhancements.
Sentiment
The sentiment surrounding HJR42 appears to be generally positive among supporters who view the bill as a progressive step towards enhancing accessibility and inclusivity in the built environment. Advocates for the disabled community and certain business owners express support for the bill, seeing it as a necessary recognition of the barriers that people with disabilities may face. However, there are concerns from some tax groups about the potential implications for state revenue and whether this amendment could set a precedent for further exclusions in property taxation.
Contention
Notable points of contention include discussions on how the proposed amendment might affect local governments' funding and resources, as property taxes are a significant revenue source for municipalities. Critics worry that excluding certain property values from taxation could exacerbate fiscal challenges faced by local entities. Thus, while the desire to promote accessibility is widely accepted, the broader ramifications on tax revenues and local governance remain contentious topics in the legislative discourse surrounding HJR42.
Enabled by
Relating to the exclusion from the market value of real property for ad valorem tax purposes of the value of any improvement, or any feature incorporated in an improvement, made to the property if the primary purpose of the improvement or feature is compliance with the requirements of standards that address accessible design of buildings or other facilities.
Enabled by
Relating to the exclusion from the market value of real property for ad valorem tax purposes of the value of any improvement, or any feature incorporated in an improvement, made to the property if the primary purpose of the improvement or feature is compliance with the requirements of standards that address accessible design of buildings or other facilities.
Proposing a constitutional amendment to authorize the legislature to exclude from the market value of real property for ad valorem tax purposes the value of any improvement, or any feature incorporated in an improvement, made to the property if the primary purpose of the improvement or feature is compliance with the requirements of standards that address accessible design of buildings or other facilities.
Relating to the exclusion from the market value of real property for ad valorem tax purposes of the value of any improvement, or any feature incorporated in an improvement, made to the property if the primary purpose of the improvement or feature is compliance with the requirements of standards that address accessible design of buildings or other facilities.
Proposing a constitutional amendment to authorize the legislature to provide for an exemption from ad valorem taxation of the amount of the market value of residential real property that arises from the installation in the property of certain energy efficiency-related improvements.
Proposing a constitutional amendment authorizing the legislature to provide that the appraised value of a residence homestead for ad valorem tax purposes for the first tax year that the owner of the property qualifies the property for a residence homestead exemption is the market value of the property and that, if the owner purchased the property, the purchase price of the property is considered to be the market value of the property for that tax year and to limit increases in the appraised value of the homestead for subsequent tax years based on the market value of all new improvements to the property.
Proposing a constitutional amendment to authorize the legislature to provide for an exemption from ad valorem taxation of the amount of the market value of real property located in a county that borders the United Mexican States that arises from the installation or construction on the property of border security infrastructure and related improvements.
Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of real property for ad valorem tax purposes to 105 percent or more of the appraised value of the property for the preceding tax year.