Bill > SB2551

This bill modifies the Texas Tax Code to simplify and expand the ability of homeowners to pay their residence homestead property taxes (ad valorem taxes) in installments. Under the new provisions, any individual who owns and occupies a residence homestead can now pay their property taxes in four equal installments without incurring penalties or interest, provided the first installment is paid before the delinquency date and is accompanied by a notice to the taxing unit of the intent to pay the remaining taxes in three subsequent installments. The bill removes previous language that suggested the installment option was limited to certain individuals and provides a flexible timeline for installment payments depending on the original delinquency date. If the delinquency date is February 1, subsequent installments must be paid by April 1, June 1, and August 1, respectively. For other delinquency dates, the installment schedule is adjusted proportionally. The bill will apply to ad valorem taxes for tax years beginning on or after its effective date of January 1, 2026, making it easier for homeowners to manage their property tax payments.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB2551