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TX HB1733
TX HB1733Relating to the limitation on increases in the appraised value of a residence homestead for ad valorem taxation.
summary
Introduced
01/26/2023
01/26/2023
In Committee
03/07/2023
03/07/2023
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 Texas Tax Code to change the limit on increases in the appraised value of a residence homestead for property tax purposes. Specifically, it reduces the maximum annual increase from 10% to 5% of the previous year's appraised value, plus the value of any new improvements. The bill applies only to tax years beginning on or after January 1, 2024, and is contingent on the approval of a related constitutional amendment by Texas voters.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Ways & Means (on 03/07/2023)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://capitol.texas.gov/BillLookup/History.aspx?LegSess=88R&Bill=HB1733 |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/HB01733I.htm |
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