Relating to a local option exemption from ad valorem taxation by a school district of the total appraised value of the residence homesteads of certain elderly or disabled persons.
Impact
If enacted, HB2081 will amend several sections of the Texas Tax Code relevant to the exemption of property taxes imposed by school districts. Specifically, it allows exemptions for residents aged 70 and over or those who are disabled, granted that their governing school district approves the exemption. The bill also permits the surviving spouses of qualifying individuals to continue receiving these tax benefits if they meet specific age criteria. As such, this bill is expected to ease financial pressures on these demographics, affirming the commitment of local governance to support their communities.
Summary
House Bill 2081 proposes a local option exemption from ad valorem taxation for the total appraised value of residence homesteads owned by certain elderly or disabled persons. The bill aims to provide financial relief to these individuals by allowing school districts to adopt an exemption policy that aligns with their local needs. This initiative follows a statewide conversation on the importance of assisting vulnerable populations in managing their housing costs, particularly in the face of rising property values and tax burdens.
Contention
While the bill seeks to provide important tax relief, it has also raised concerns around local fiscal impacts. Critics argue that providing exemptions may lead to funding shortfalls for school districts dependent on property taxes. There are debates about whether local governments should prioritize such exemptions over their broader budgetary needs, potentially affecting educational services and infrastructure. Proponents of the bill counter that the financial relief for residents justifies potential trade-offs, particularly given the enhanced quality of life for the elderly and disabled individuals benefiting from such measures.
Enabling for
Proposing a constitutional amendment to authorize a local option exemption from ad valorem taxation by a school district of the total market value of the residence homesteads of certain elderly or disabled persons.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Relating to an exemption from ad valorem taxation of the total appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Relating to an exemption from ad valorem taxation of a portion of the appraised value of the residence homesteads of certain elderly persons and their surviving spouses.
Relating to an exemption from ad valorem taxation by certain taxing units of a portion of the appraised value of the residence homestead of the parent or guardian of a person who is disabled and who resides with the parent or guardian.
Relating to the amount of the exemption from ad valorem taxation by a school district of the appraised value of the residence homestead of a person who is elderly or disabled.
Relating to the eligibility of the surviving spouse of an elderly person who qualified for a local option exemption from ad valorem taxation by a taxing unit of a portion of the appraised value of the deceased person's residence homestead to continue to receive an exemption for the same property from the same taxing unit in an amount equal to that of the exemption for which the deceased person qualified without applying for the exemption.
Relating to the eligibility of the surviving spouse of an elderly person who qualified for a local option exemption from ad valorem taxation by a taxing unit of a portion of the appraised value of the deceased person's residence homestead to continue to receive an exemption for the same property from the same taxing unit in an amount equal to that of the exemption for which the deceased person qualified without applying for the exemption.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that a county may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that a county may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.