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Bill > HB2311
TX HB2311
TX HB2311Relating to limitations on increases in the appraised value for ad valorem tax purposes of residence homesteads and single-family residences other than residence homesteads.
summary
Introduced
02/25/2021
02/25/2021
In Committee
03/15/2021
03/15/2021
Crossed Over
Passed
Dead
05/31/2021
05/31/2021
Introduced Session
87th Legislature Regular Session
Bill Summary
Relating to limitations on increases in the appraised value for ad valorem tax purposes of residence homesteads and single-family residences other than residence homesteads.
AI Summary
This bill limits the maximum increase in appraised value for ad valorem (property) tax purposes of both residence homesteads and single-family residences other than homesteads. For residence homesteads, the appraised value cannot increase by more than 5% from the previous year, plus the value of any new improvements. For other single-family residences, the appraised value cannot increase by more than 10% from the previous year, plus the value of new improvements. The bill also provides exceptions for replacement structures after a casualty or damage event. This bill will only take effect if the associated constitutional amendment is approved by Texas voters.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Left pending in committee (on 04/19/2021)
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=HB2311 | 02/26/2021 |
| Fiscal Note (Introduced) | https://capitol.texas.gov/tlodocs/87R/fiscalnotes/html/HB02311I.htm | 04/19/2021 |
| BillText | https://capitol.texas.gov/tlodocs/87R/billtext/html/HB02311I.htm | 02/26/2021 |
| Bill | https://capitol.texas.gov/tlodocs/87R/billtext/pdf/HB02311I.pdf | 02/26/2021 |
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