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TX SB657
TX SB657Relating to the limitation on increases in the appraised value of a residence homestead for ad valorem taxation.
summary
Introduced
02/05/2019
02/05/2019
In Committee
03/01/2019
03/01/2019
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 change the limit on increases in the appraised value of a residence homestead for ad valorem (property) taxation. The bill reduces the maximum allowable annual increase from 10% to 3% for homesteads valued at $1 million or less, and 5% for those valued over $1 million. 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 voters.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Left pending in committee (on 04/30/2019)
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=SB657 | 02/06/2019 |
| BillText | https://capitol.texas.gov/tlodocs/86R/billtext/html/SB00657I.htm | 02/06/2019 |
| Bill | https://capitol.texas.gov/tlodocs/86R/billtext/pdf/SB00657I.pdf | 02/06/2019 |
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