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Bill > SB881
TX SB881
TX SB881Relating to the limitation on increases in the appraised value of a residence homestead for ad valorem taxation.
summary
Introduced
02/13/2023
02/13/2023
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 lower the maximum annual increase in the appraised value of a residence homestead for ad valorem (property) taxation from 10% to 5%. This change would only apply to tax years beginning on or after January 1, 2024, and only if a related constitutional amendment is approved by Texas voters. The bill aims to limit the growth of property tax assessments on primary residences, providing potential relief for homeowners.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Referred to Local Government (on 03/01/2023)
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=SB881 |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/SB00881I.htm |
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