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TX SB152
TX SB152Relating to the limitation on increases in the appraised value of a residence homestead for ad valorem taxation.
summary
Introduced
11/14/2022
11/14/2022
In Committee
02/15/2023
02/15/2023
Crossed Over
Passed
Dead
05/29/2023
05/29/2023
Introduced Session
88th 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 lower the maximum annual increase in the appraised value of a residence homestead for ad valorem (property) taxation purposes from 10% to 5% of the previous year's appraised value, plus the market value of any new improvements. The bill applies to tax years beginning on or after January 1, 2024, but only if a related constitutional amendment is approved by voters.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Referred to Local Government (on 02/15/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://capitol.texas.gov/BillLookup/History.aspx?LegSess=88R&Bill=SB152 |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/SB00152I.htm |
| Bill | https://capitol.texas.gov/tlodocs/88R/billtext/pdf/SB00152I.pdf |
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