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TX HB664
TX HB664Relating 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
02/23/2023
02/23/2023
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 2.5%. This change would only apply to tax years beginning on or after January 1, 2024, and is contingent on the approval of a related constitutional amendment by Texas voters. The purpose of this bill is to limit the growth in property taxes for homeowners by restricting the amount their residence's appraised value can increase each year.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Ways & Means (on 02/23/2023)
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=HB664 |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/HB00664I.htm |
| Bill | https://capitol.texas.gov/tlodocs/88R/billtext/pdf/HB00664I.pdf |
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