Bill Text: TX HB419 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to an exemption from ad valorem taxation by a taxing unit other than a school district of a portion of the appraised value of a residence homestead based on the average appraised value in the preceding tax year of all qualified residence homesteads located in the same county.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2023-02-23 - Referred to Ways & Means [HB419 Detail]
Download: Texas-2023-HB419-Introduced.html
88R820 LHC-D | ||
By: Shine | H.B. No. 419 |
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relating to an exemption from ad valorem taxation by a taxing unit | ||
other than a school district of a portion of the appraised value of | ||
a residence homestead based on the average appraised value in the | ||
preceding tax year of all qualified residence homesteads located in | ||
the same county. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 11.13, Tax Code, is amended by adding | ||
Subsection (s) to read as follows: | ||
(s) In addition to any other exemptions provided by this | ||
section, an individual is entitled to an exemption from taxation by | ||
a taxing unit other than a school district of a portion of the | ||
appraised value of the individual's residence homestead in an | ||
amount equal to 5 percent, or a greater percentage not to exceed 25 | ||
percent specified by the governing body of the taxing unit before | ||
July 1 in the manner provided by law for official action by the | ||
body, of the average appraised value in the preceding tax year of | ||
all residence homesteads that are located in the same county as the | ||
individual's homestead and that qualify for an exemption under this | ||
section. | ||
SECTION 2. Section 25.19(b), Tax Code, is amended to read as | ||
follows: | ||
(b) The chief appraiser shall separate real from personal | ||
property and include in the notice for each: | ||
(1) a list of the taxing units in which the property is | ||
taxable; | ||
(2) the appraised value of the property in the | ||
preceding year; | ||
(3) the taxable value of the property in the preceding | ||
year for each taxing unit taxing the property; | ||
(4) the appraised value of the property for the | ||
current year, the kind and amount of each exemption and partial | ||
exemption, if any, approved for the property for the current year | ||
and for the preceding year, including an estimate for each taxing | ||
unit other than a school district of the amount of the exemption | ||
under Section 11.13(s), if applicable, approved for the property | ||
for the current year, and, if an exemption or partial exemption that | ||
was approved for the preceding year was canceled or reduced for the | ||
current year, the amount of the exemption or partial exemption | ||
canceled or reduced; | ||
(5) in italic typeface, the following statement: "The | ||
Texas Legislature does not set the amount of your local taxes. Your | ||
property tax burden is decided by your locally elected officials, | ||
and all inquiries concerning your taxes should be directed to those | ||
officials."; | ||
(6) a detailed explanation of the time and procedure | ||
for protesting the value; | ||
(7) the date and place the appraisal review board will | ||
begin hearing protests; | ||
(8) an explanation of the availability and purpose of | ||
an informal conference with the appraisal office before a hearing | ||
on a protest; and | ||
(9) a brief explanation that the governing body of | ||
each taxing unit decides whether [ |
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increase and that the appraisal district only determines the value | ||
of the property. | ||
SECTION 3. This Act applies only to ad valorem taxes imposed | ||
for a tax year beginning on or after the effective date of this Act. | ||
SECTION 4. This Act takes effect January 1, 2024, but only | ||
if the constitutional amendment proposed by the 88th Legislature, | ||
Regular Session, 2023, authorizing the legislature to provide for | ||
an exemption from ad valorem taxation by a political subdivision | ||
other than a school district of a portion of the assessed value of a | ||
residence homestead based on the average assessed value in the | ||
preceding tax year of all qualified residence homesteads that are | ||
located in the same county as the homestead is approved by the | ||
voters. If that amendment is not approved by the voters, this Act | ||
has no effect. |