Relating to the ad valorem taxation of the residence homestead of a disabled veteran or the surviving spouse of a disabled veteran.
Impact
The implications of SB1852 are significant for disabled veterans and their families in Texas. By streamlining the process of transferring tax exemptions, the bill aims to provide greater stability and continuity for veterans, reducing potential tax liabilities when changing residence. This aligns with broader legislative goals to support veterans and enhance their quality of life through economic relief measures. The bill is intended to ensure that eligible veterans do not face financial penalties or a loss of benefits simply due to relocation.
Summary
SB1852 seeks to amend current statutes related to the ad valorem taxation of residence homesteads owned by disabled veterans and their surviving spouses. The proposed changes allow these individuals to transfer their existing property tax exemptions to a new residence homestead when they move, provided they qualify the new property for a homestead exemption. This flexibility aims to ease the financial burden on veterans and their families, ensuring they maintain their tax relief benefits throughout their lifetime or after the loss of a spouse.
Contention
While the bill is largely seen as a positive step for veteran advocacy, some concerns may arise regarding the administration of exemption transfers between different appraisal districts. Ensuring that all appraisal districts can coordinate effectively will be crucial to the successful implementation of these changes. Stakeholders, including local taxing authorities, may raise issues about the administrative burden and the potential impact on local revenues, depending on the volume of exemption transfers that occur annually.
Relating to the exemption from ad valorem taxation of the total appraised value of the residence homestead of the surviving spouse of a 100 percent or totally disabled veteran.
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.
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.
Proposing a constitutional amendment authorizing the legislature to provide for an exemption from ad valorem taxation of all or part of the market value of the residence homestead of the surviving spouse of a 100 percent or totally disabled veteran regardless of whether the property was the residence homestead of the surviving spouse when the disabled veteran died.
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 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.