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TX HB3713
TX HB3713Relating to the limitation on increases in the appraised value of a residence homestead for ad valorem taxation.
summary
Introduced
03/06/2023
03/06/2023
In Committee
03/20/2023
03/20/2023
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 change the limit on the annual increase in the appraised value of a residence homestead for ad valorem (property) tax purposes. Specifically, it reduces the maximum annual increase from 10% to 2% of the previous year's appraised value, plus the value of any new improvements. The bill applies to residence homesteads starting in the 2024 tax year, but only if voters approve a related constitutional amendment that authorizes the legislature to set a lower limit on the maximum appraised value.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Ways & Means (on 03/20/2023)
Bill Topics
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
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=HB3713 | 03/06/2023 |
| BillText | https://capitol.texas.gov/tlodocs/88R/billtext/html/HB03713I.htm | 03/06/2023 |
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