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TX SB489
TX SB489Relating to the limitation on increases in the appraised value of a residence homestead for ad valorem taxation.
summary
Introduced
01/27/2021
01/27/2021
In Committee
03/09/2021
03/09/2021
Crossed Over
Passed
Dead
05/31/2021
05/31/2021
Introduced Session
87th 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 Section 23.23(a) of the Texas Tax Code to lower the annual cap on increases in the appraised value of a residence homestead for ad valorem (property) taxation purposes from 10% to 5%. The bill specifies that this change only applies to tax years beginning on or after January 1, 2022, and only if a proposed constitutional amendment authorizing the legislature to set a lower limit on the maximum appraised value of a residence homestead is approved by Texas voters.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Referred to Local Government (on 03/09/2021)
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=87R&Bill=SB489 | 01/28/2021 |
| BillText | https://capitol.texas.gov/tlodocs/87R/billtext/html/SB00489I.htm | 01/28/2021 |
| Bill | https://capitol.texas.gov/tlodocs/87R/billtext/pdf/SB00489I.pdf | 01/28/2021 |
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