TX
Texas Senate Bill SB2520

Texas 2025 - 89th Regular

Texas Senate Bill SB2520

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

Caption

Relating to the calculation of the limitation on the total amount of ad valorem taxes imposed by a school district on the residence homestead of an individual who is elderly or disabled.

Impact

The passage of SB2520 is expected to alter the landscape for tax assessments on homesteads owned by the elderly and disabled. By implementing clearer rules on how tax limitations are determined, the bill could help protect these individuals from sudden, potentially unaffordable increases in their property tax liabilities. As the law clarifies existing practice, it contributes to greater financial stability for a demographic that often lives on fixed incomes, thereby supporting their ability to remain in their homes without facing excessive financial strain due to taxation.

Summary

Senate Bill 2520 aims to clarify and adjust the calculation of the limitation on ad valorem taxes that school districts can impose on the homesteads of individuals who are elderly or disabled. Specifically, it seeks to amend Section 11.26 of the Texas Tax Code by introducing a new subsection (a-11) that changes the way tax limitations are calculated. This adjustment intends to provide more precise guidelines and potentially offer additional financial relief to these vulnerable populations by capping the tax increases they may face on their residence homesteads.

Contention

While there is an overall positive reception to the intent of SB2520, discussions may arise regarding the effectiveness of the amendments and their enforcement within school districts. Some stakeholders might voice concerns about how local districts will implement these changes, particularly if there are variations in tax management across different regions. Additionally, potential impacts on school funding due to the limitations imposed by this bill may be a point of contention among lawmakers and tax officials, who must balance the needs of schools with the interests of homeowners.

Texas Constitutional Statutes Affected

Tax Code

  • Chapter 11. Taxable Property And Exemptions
    • Section: 26

Latest SB2520 Activity

Companion Bills

No companion bills found.

Previously Filed As

TX HJR195

Proposing a constitutional amendment providing for an adjustment of the limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of a person who is elderly or disabled to reflect the most recent increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district.

TX HB5042

Relating to an adjustment of the limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect the most recent increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district and the protection of school districts against the resulting loss in local revenue.

TX HB126

Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate.

TX SB12

Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate.

TX HB223

Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate.

TX SB20

Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate.

TX HB1095

Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate.

TX SB12

Relating to the reduction of the amount of a limitation on the total amount of ad valorem taxes that may be imposed by a school district on the residence homestead of an individual who is elderly or disabled to reflect any reduction from the preceding tax year in the district's maximum compressed rate and to the protection of school districts against the resulting loss in local revenue.

Similar Bills

No similar bills found.