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TX HB745
TX HB745Relating to the limitation on increases in the appraised value of a residence homestead for ad valorem taxation.
summary
Introduced
11/17/2022
11/17/2022
In Committee
02/28/2023
02/28/2023
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%. The bill applies to tax years beginning on or after January 1, 2024, but only if a related 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
Budget and Finance
Sponsors (1)
Last Action
Referred to Ways & Means (on 02/28/2023)
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=HB745 |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/HB00745I.htm |
| Bill | https://capitol.texas.gov/tlodocs/88R/billtext/pdf/HB00745I.pdf |
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