Bill > HB183

This bill proposes a new property tax exemption for elderly homeowners in Texas. Specifically, an individual who is 65 years or older and has received a homestead exemption for at least the preceding 10 years would be eligible for an exemption from taxation on the total appraised value of their residence homestead. Additionally, the surviving spouse of such an individual would be entitled to the same exemption if they were 55 years or older when their spouse died and the property remains their primary residence. The bill also includes provisions to ensure that school districts and local governments are compensated for potential revenue losses through additional state aid. The new exemption would apply to taxes imposed beginning with the 2027 tax year, but only if a corresponding constitutional amendment is approved by voters. The bill makes numerous technical amendments to the Tax Code, Education Code, and Government Code to implement this new property tax exemption, including adjustments to how taxes are calculated, how exemptions are applied, and how state aid is distributed to affected entities.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=892&Bill=HB183