Bill > SB2631

This bill modifies the existing Texas Tax Code by lowering the eligible age for property tax deferment from 65 to 60 years old. Currently, individuals who are 65 years or older, disabled, or qualify for a specific homestead exemption can defer collection of property taxes, prevent legal action to collect delinquent taxes, or stop a tax lien foreclosure sale. The bill reduces the minimum age requirement to 60, making tax deferment available to a broader group of homeowners. The legislation would take effect immediately if it receives a two-thirds vote in both houses of the Texas Legislature; otherwise, it will become effective on September 1, 2025. This change aims to provide earlier financial relief to homeowners by allowing them to postpone property tax payments starting at age 60 instead of 65, which could help seniors manage their housing expenses more effectively during retirement.

Government Affairs

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB2631