Bill > SB652

This bill provides new authority for county commissioners courts to create an optional property tax exemption for residential homesteads, allowing them to exempt up to $100,000 from the appraised value of a home's assessed value. Specifically, the bill amends the Texas Tax Code to permit county commissioners courts to adopt this exemption before July 1st through their standard official process. If a county chooses to implement this exemption, it would reduce the taxable value of a homeowner's property, potentially lowering their annual property tax bill. The bill includes provisions that allow tax assessors to disregard this new exemption if it would impair existing debt obligations of the taxing unit. Importantly, the bill is contingent on voters approving a related constitutional amendment during the 89th Legislature's Regular Session in 2025, and if that amendment is not approved, the bill will have no effect. The new tax exemption would apply to ad valorem (property) taxes for tax years beginning on or after the bill's effective date of January 1, 2026.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB652