TX
Texas House Bill HB3130

Texas 2025 - 89th Regular

Texas House Bill HB3130

Voted on by House
 
Out of Senate Committee
 
Voted on by Senate
 
Governor Action
 
Bill Becomes Law
 

Caption

Relating to a limitation on increases in the appraised value for ad valorem tax purposes of residential real property leased to an elderly person.

Impact

The implementation of HB 3130 is anticipated to significantly impact the Texas property tax system, particularly for senior citizens seeking rental housing. By capping appraisal values for residential properties leased under certain conditions, the bill aims to alleviate financial pressure on elderly renters, thereby fostering greater affordability in the housing market. This measure could help stabilize living arrangements for many elderly individuals who might otherwise face steep increases in housing costs due to rising property values.

Summary

House Bill 3130 introduces provisions aimed at limiting the increases in the appraised value of residential real properties leased to elderly individuals aged 65 or older. Specifically, the bill seeks to modify the Tax Code to ensure that the appraisal of properties leased to qualified elderly tenants is capped, ensuring that rental conditions remain affordable and sustainable for this demographic. The bill stipulates that properties must not be let at rates exceeding the fair market rent established by the United States Department of Housing and Urban Development, thereby affording further protection to tenants in this age group.

Contention

Nevertheless, the bill may encounter points of contention amongst stakeholders, particularly among property owners who could view this as an encroachment on their rights to set rents commensurately with market conditions. Critics might argue that such limitations could discourage investments in property maintenance and development targeted at elderly tenants. Other opponents might express concern that capping appraised values could lead to broader implications for property taxes, potentially straining local tax revenues if a significant cohort of properties falls under these new regulations.

Texas Constitutional Statutes Affected

Tax Code

  • Chapter 1. General Provisions
    • Section: 12
  • Chapter 23. Appraisal Methods And Procedures
    • Section: New Section

Government Code

  • Chapter 403. Comptroller Of Public Accounts
    • Section: 302

Latest HB3130 Activity

Companion Bills

TX HJR147

Enabling for Proposing a constitutional amendment to authorize the legislature to provide for a limitation on the maximum appraised value for ad valorem tax purposes of residential real property leased to an elderly person.

Similar Bills

TX HB979

Relating to a limitation on the maximum appraised value of real property for ad valorem tax purposes of 110 percent of the appraised value of the property for the preceding tax year.

TX HB298

Relating to limitations on increases in the appraised value for ad valorem tax purposes of residence homesteads and other real property.

TX HB203

Relating to a limitation on increases in the appraised value for ad valorem tax purposes of certain leased residential real property.

TX HB196

Relating to a limitation on increases in the appraised value of real property other than a residence homestead for ad valorem tax purposes.

TX HB2311

Relating to limitations on increases in the appraised value for ad valorem tax purposes of residence homesteads and single-family residences other than residence homesteads.

TX HB162

Relating to limitations on increases in the appraised value for ad valorem tax purposes of residence homesteads and single-family residences other than residence homesteads.

TX HB283

Relating to limitations on increases in the appraised value for ad valorem tax purposes of residence homesteads and single-family residences other than residence homesteads.

TX HB4261

Relating to a limitation on increases in the appraised value for ad valorem tax purposes of the residence homesteads of military veterans, individuals who are disabled or 65 years of age or older, and their surviving spouses.