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Texas Proposition 3, Appraisal Values for Taxes Amendment (2007)

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Texas Proposition 3

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Election date

November 6, 2007

Topic
Property and Taxes
Status

ApprovedApproved

Type
Legislatively referred constitutional amendment
Origin

State legislature



Texas Proposition 3 was on the ballot as a legislatively referred constitutional amendment in Texas on November 6, 2007. It was approved.

A "yes" vote supported limiting the homestead's maximum taxable value to the lower of the current market value or 110% of the prior year's appraised value.

A "no" vote opposed limiting the homestead's maximum taxable value to the lower of the current market value or 110% of the prior year's appraised value.


Election results

Texas Proposition 3

Result Votes Percentage

Approved Yes

769,908 71.50%
No 306,830 28.50%
Results are officially certified.
Source


Text of measure

Ballot title

The ballot title for Proposition 3 was as follows:

Proposing a 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.

Full Text

The full text of this measure is available here.


Path to the ballot

See also: Amending the Texas Constitution

A two-thirds vote was needed in each chamber of the Texas State Legislature to refer the constitutional amendment to the ballot for voter consideration.

The constitutional amendment was introduced into the Texas State Legislature as House Joint Resolution 40 during the 80th regular legislative session in 2007.[1]

See also


External links

Footnotes