Texas · 89th Legislature (2025) · Joint Resolution

HJR 173: Proposing a constitutional amendment authorizing the legislature to provide that the appraised value of a parcel of real property for ad valorem tax purposes for the first tax year in which the owner owns the property on January 1 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 property for subsequent tax years based on the inflation rate.

In committee Last action March 31, 2025: Referred to s/c on Property Tax Appraisals by Speaker

Plain-language summary

HJR 173 is a joint resolution introduced in the Texas House on March 7, 2025. According to its official title, it concerns: Proposing a constitutional amendment authorizing the legislature to provide that the appraised value of a parcel of real property for ad valorem tax purposes for the first tax year in which the owner owns the property on January 1 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 property for subsequent tax years based on the inflation rate. Primary sponsor: Cody Vasut (Republican). Most recent recorded action (March 31, 2025): Referred to s/c on Property Tax Appraisals by Speaker.

Plain-language summary

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