Bill > HJR195

This joint resolution proposes a constitutional amendment to extend the redemption period for elderly homeowners whose property is sold at a tax sale. Currently, property owners have two years to redeem their property after a tax sale, but this amendment would increase the redemption period to four years specifically for homeowners who are 65 years of age or older. During the first year of the redemption period, the homeowner can reclaim their property by paying the purchase price plus up to 25% additional costs, and during the remaining period, they can reclaim the property by paying the purchase price plus up to 50% additional costs. The amendment would take effect on January 1, 2026, and will only apply to properties sold at tax sales where the purchaser's deed is filed on or after that date. The proposed amendment will be submitted to voters in a special election on November 4, 2025, with the ballot asking voters whether they support lengthening the redemption period for elderly homeowners' residence homesteads sold at ad valorem (property) tax sales.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HJR195