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TX HB868
TX HB868Relating to the limitation on increases in the appraised value of a residence homestead for ad valorem taxation.
summary
Introduced
12/02/2022
12/02/2022
In Committee
03/01/2023
03/01/2023
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 reduce the maximum annual increase in the appraised value of a residence homestead for ad valorem (property) taxation purposes from 10% to 3.5%. The bill applies to tax years beginning on or after January 1, 2024, but 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. The bill aims to limit the growth in property taxes for homeowners by capping the annual increase in the appraised value of their residence homesteads.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Ways & Means (on 03/01/2023)
Bill Topics
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
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=88R&Bill=HB868 | 12/02/2022 |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/HB00868I.htm | 12/02/2022 |
| Bill | https://capitol.texas.gov/tlodocs/88R/billtext/pdf/HB00868I.pdf | 12/02/2022 |
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