Relating to a local option exemption from ad valorem taxation by a taxing unit of all or part of the appraised value of the residence homestead of a peace officer employed by the taxing unit.
Impact
If enacted, the bill would create a tiered exemption system for peace officers, granting them a 20% exemption after five years of service, increasing up to a 100% exemption for those with 25 years or more. This modification aims to enhance the retention of experienced peace officers by providing them significant financial relief through property tax reductions. Such a policy could strengthen the law enforcement workforce, increasing community stability and potentially impacting local budgets reliant on property tax revenues.
Summary
House Bill 4060 proposes a local option exemption from ad valorem taxation for peace officers employed by a taxing unit in Texas. The bill amends the Tax Code, particularly Section 11.13, allowing taxing units to grant exemptions based on the years of service of the peace officers. The provision sets a percentage of the appraised value of an officer's residence homestead as exempt based on their duration of employment, encouraging long-term service within the community.
Contention
Opposition may arise regarding the financial implications of the bill for local governments, which might see reduced tax revenue as a result. Critics could argue that extending tax exemptions specifically to one profession sets a precedent that could lead to inequities among various essential service workers. Additionally, determining the long-term fiscal sustainability of granting these exemptions while maintaining adequate funding for public services could spark debate among state legislators and the public.
Enabling for
Proposing a constitutional amendment authorizing a local option exemption from ad valorem taxation by a political subdivision of all or part of the appraised value of the residence homestead of a peace officer employed by the political subdivision.
Relating to the authority of the governing body of a taxing unit to adopt an exemption from ad valorem taxation of a portion, expressed as a dollar amount, of the appraised value of an individual's residence homestead.
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.
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.
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 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.
Relating to the authority of the governing body of a taxing unit other than a school district to adopt an exemption from ad valorem taxation of a portion, expressed as a dollar amount, of the appraised value of an individual's residence homestead and to the authority of the governing body of any taxing unit that has adopted an exemption from ad valorem taxation of a percentage of the appraised value of an individual's residence homestead to reduce the amount of or repeal the exemption.
Relating to an exemption from ad valorem taxation by a taxing unit located wholly or partly in a populous county of a specified dollar amount, or a greater dollar amount specified by the governing body of the taxing unit, of the appraised value of a residence homestead.
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 the calculation of certain ad valorem tax rates of a taxing unit for a year in which a property owner provides notice that the owner intends to appeal an order of an appraisal review board determining a protest by the owner regarding the appraisal of the owner's property.
Relating to a local option exemption from ad valorem taxation by a school district of all or part of the appraised value of the residence homesteads of certain individuals who are employed by the district.
Relating to the provision of funding under the public school finance system on the basis of property values that take into account optional homestead exemptions.
Relating to the provision of funding under the public school finance system on the basis of property values that take into account optional homestead exemptions.
Relating to the provision of funding under the public school finance system on the basis of property values that take into account optional homestead exemptions.
Relating to the provision of funding under the public school finance system on the basis of property values that take into account optional homestead exemptions.
Relating to the provision of funding under the public school finance system on the basis of property values that take into account optional homestead exemptions.
Relating to the authority of the governing body of a taxing unit to adopt an exemption from ad valorem taxation of a portion, expressed as a dollar amount, of the appraised value of an individual's residence homestead.