Bill > HB152

This bill modifies how property values are calculated for school funding purposes, primarily focusing on homestead exemptions and the way the state comptroller determines taxable property values. The bill removes a reference to Section 48.259 of the Education Code and changes how homestead exemptions are considered when calculating taxable property values. Specifically, it eliminates the previous requirement to only count half of the homestead exemptions granted under Section 11.13(n) of the Tax Code, instead counting the full dollar amount of such exemptions. The bill also makes technical changes to how excess funds in the foundation school program can be used, giving the commissioner of education priority in allocating funds for grants. Additionally, the bill applies these changes to property value studies conducted for tax years beginning on or after January 1, 2026, and will take effect on September 1, 2025. The modifications aim to provide a more accurate and comprehensive approach to calculating property values for school district funding, potentially impacting how school districts are financially supported based on local property tax assessments.

Education

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB152