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TX HB946
TX HB946Relating to the limitation on increases in the appraised value of a residence homestead for ad valorem taxation.
summary
Introduced
01/22/2019
01/22/2019
In Committee
02/25/2019
02/25/2019
Crossed Over
Passed
Dead
05/27/2019
05/27/2019
Introduced Session
86th Legislature Regular Session
Bill Summary
Relating to the limitation on increases in the appraised value of a residence homestead for ad valorem taxation.
AI Summary
This bill amends the Tax Code to limit the annual increase in the appraised value of a residence homestead for ad valorem (property) tax purposes to 5% of the previous year's appraised value, plus the market value of any new improvements, instead of the current 10% limit. The bill applies only to tax years beginning on or after January 1, 2020, and is contingent on the approval of a related constitutional amendment by Texas voters.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Ways & Means (on 02/25/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://capitol.texas.gov/BillLookup/History.aspx?LegSess=86R&Bill=HB946 | 01/23/2019 |
| BillText | https://capitol.texas.gov/tlodocs/86R/billtext/html/HB00946I.htm | 01/23/2019 |
| Bill | https://capitol.texas.gov/tlodocs/86R/billtext/pdf/HB00946I.pdf | 01/23/2019 |
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