Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HJR 74 proposes a constitutional amendment to establish that the appraised value of a residence homestead for ad valorem tax purposes in the first year the property qualifies as a homestead is equal to its market value or, if purchased, the purchase price. It also provides for subsequent annual adjustments to the appraised value based on the inflation rate.
Author
Steve Toth