Bill > HB252

This bill introduces an enhanced property tax exemption for elderly homeowners in Texas, specifically targeting individuals who are 72 years of age or older. The bill creates a new property tax exemption that allows individuals aged 72 or older to receive a total exemption from property taxes on their residence homestead if they have received a homestead exemption for the same property for at least the preceding 10 years. Additionally, the bill extends this benefit to surviving spouses who are 55 years of age or older when their spouse dies, allowing them to continue receiving the full property tax exemption on the same residence homestead. The proposed exemption will apply to taxes beginning with the 2027 tax year and is contingent upon voter approval of a related constitutional amendment. The bill also includes provisions to ensure that school districts and local taxing units are compensated for potential revenue losses through additional state aid mechanisms. The changes aim to provide significant tax relief for long-time elderly homeowners and their surviving spouses, helping them maintain their homes without the burden of increasing property taxes.

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=891&Bill=HB252