Bill > HB1367

This bill amends the Texas Tax Code to provide counties with the option to adopt an additional property tax exemption for residential homesteads. Specifically, county commissioners courts can now choose to implement a new exemption of up to $100,000 from the appraised value of an individual's primary residence, which would reduce the property taxes owed. The bill modifies existing tax code sections to allow for this new exemption and ensures that if the exemption would impair existing debt obligations, the taxing unit may still assess and collect taxes as needed. Importantly, this bill is contingent upon voter approval of a related constitutional amendment during the 89th Legislature's Regular Session in 2025, and if approved, would take effect on January 1, 2026. The legislation applies only to ad valorem (property) taxes for tax years beginning on or after its effective date, providing counties with a new tool to potentially provide property tax relief to homeowners.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB1367