 | Constitutional Amendments - Summary | |
| Election Day: Tuesday, November 3, 2009 | ||
Proposition No. 2
Heritage Alliance Recommendation: FOR
How the proposition will appear on the ballot:
The constitutional amendment authorizing the legislature to provide for the ad valorem taxation of a residence homestead solely on the basis of the property's value as a residence homestead.
Summary:
Current state law allows appraisal districts to tax a residential homestead on the basis of its potential value in some other use (for example retail, commercial or industrial). This proposal would provide that residential homestead properties be evaluated on the basis of its actual use as a residence.
Heritage Alliance Recommendation:
FOR
Conservative Principles which are the basis for this recommendation:
A vote for this amendment will protect citizens' property from theft, loss, or confiscation, in this case by the levy of property taxes on the basis of potential use (resulting in higher taxes) rather than actual use of a property.