TX
Texas House Bill HB4513

Texas 2023 - 88th Regular

Texas House Bill HB4513

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

Caption

Relating to the authority of an individual, before purchasing real property to be used as the individual's residence homestead, to request from the chief appraiser of the applicable appraisal district a preliminary determination of whether the property would qualify for a disabled veteran exemption if purchased by the individual and used for that purpose.

Impact

If enacted, HB 4513 will amend the Tax Code by adding provisions that require chief appraisers to issue a preliminary determination within 30 days of a request from a disabled veteran. This measure could significantly impact how disabled veterans approach property purchases, offering them clarity on the potential financial benefits of their eligibility for tax exemptions. The law would facilitate easier access to necessary information, possibly leading to increased homeownership among disabled veterans in Texas, as well as enhanced financial security through tax savings.

Summary

House Bill 4513 proposes to empower individuals, particularly disabled veterans, to request a preliminary determination from the chief appraiser of their local appraisal district regarding whether a property would qualify for a disabled veteran exemption before purchasing it as a residence homestead. This stipulation is aimed at easing the financing process for disabled veterans looking to buy property and ensuring they can make informed purchasing decisions based on potential tax exemptions. The bill emphasizes transparency and provides a mechanism for validation of exemption eligibility prior to purchase.

Sentiment

The overall sentiment surrounding HB 4513 appears to be positive, particularly among advocates for disabled veterans. Supporters argue that the bill addresses a critical need for clear guidance on tax exemptions, ultimately benefiting those who have served in the military and face challenges in navigating property financing. Conversely, there may be some concerns about the additional administrative workload on appraisal districts and whether the resources are sufficient to handle inquiries from increased requests.

Contention

Notable points of contention could include the feasibility and effectiveness of the implementation of the proposed changes. Some legislators may question whether the new administrative processes could delay the buying process for veterans or create inconsistencies in how appraisers respond to inquiries. Additionally, there could be discussions around ensuring that all veterans are appropriately informed about this change and have access to the necessary resources, which would be essential for the bill's success in practice.

Texas Constitutional Statutes Affected

Tax Code

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

Latest TX HB4513 Activity

View All Events: TX 2023 - 88th Regular HB4513

Companion Bills

No companion bills found.

Previously Filed As

TX HB998

Relating to the authority of an individual, before purchasing real property to be used as the individual's residence homestead, to request from the chief appraiser of the applicable appraisal district a preliminary determination of whether the property would qualify for a disabled veteran exemption if purchased by the individual and used for that purpose.

TX HB3202

Relating to the right of a disabled veteran to obtain a certificate from the chief appraiser of an appraisal district stating whether the veteran would be entitled to an exemption from ad valorem taxation of property if the veteran were to acquire the property.

TX HJR20

Proposing a constitutional amendment authorizing the legislature to limit the maximum appraised value of residential real property for ad valorem tax purposes to 105 percent or more of the appraised value of the property for the preceding tax year, to exempt from ad valorem taxation the total appraised value of property purchased by an individual for the first tax year the individual qualifies the property as the individual's residence homestead if the property is the individual's first residence homestead and has an appraised value of less than $300,000, and to limit the total amount of ad valorem taxes that a political subdivision may impose on the residence homestead of an individual and the surviving spouse of the individual if the individual qualifies the property as the individual's residence homestead for at least 25 consecutive tax years.

TX HJR19

Proposing a constitutional amendment authorizing the legislature to limit the maximum appraised value of residential real property for ad valorem tax purposes to 105 percent or more of the appraised value of the property for the preceding tax year, to exempt from ad valorem taxation the total appraised value of property purchased by an individual for the first tax year the individual qualifies the property as the individual's residence homestead if the property is the individual's first residence homestead and has an appraised value of less than $300,000, and to limit the total amount of ad valorem taxes that a political subdivision may impose on the residence homestead of an individual and the surviving spouse of the individual if the individual qualifies the property as the individual's residence homestead for at least 25 consecutive tax years.

TX HJR87

Proposing a constitutional amendment authorizing the legislature to limit the maximum appraised value of residential real property for ad valorem tax purposes to 105 percent or more of the appraised value of the property for the preceding tax year, to exempt from ad valorem taxation the total appraised value of property purchased by an individual for the first tax year the individual qualifies the property as the individual's residence homestead if the property is the individual's first residence homestead and has an appraised value of less than $300,000, and to limit the total amount of ad valorem taxes that a political subdivision may impose on the residence homestead of an individual and the surviving spouse of the individual if the individual qualifies the property as the individual's residence homestead for at least 25 consecutive tax years.

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.

TX HB1101

Relating to the authority of the chief appraiser of an appraisal district to require a person to file a new application to confirm the person's current qualification for the exemption from ad valorem taxation of the total appraised value of the residence homestead of a 100 percent disabled veteran.

TX HB97

Relating to the exemption from ad valorem taxation of part of the appraised value of the residence homestead of a partially disabled veteran or the surviving spouse of a partially disabled veteran if the residence homestead was donated to the disabled veteran by a charitable organization.

TX HB3613

Relating to the determination of the market value of a residence homestead for ad valorem tax purposes on the basis of the property's value as a residence homestead and to an exemption from ad valorem taxation of the residence homesteads of certain totally disabled veterans and to the amount of the exemption from ad valorem taxation to which a disabled veteran is entitled based on disability rating.

TX HB2666

Relating to the limitation on the total amount of ad valorem taxes that a school district may impose on the residence homestead of an individual and the surviving spouse of the individual if the individual qualifies the property as the individual's residence homestead for at least 20 consecutive tax years.

Similar Bills

No similar bills found.