Relating to the transfer of the limitation on school district, county, municipal, or junior college district ad valorem taxes on the residence homestead of a person who is elderly or disabled to a subsequent homestead of that person.
Impact
The changes proposed by HB862 would directly impact how property taxes are calculated for elderly and disabled individuals when they purchase or move into a new homestead. This transfer of limitations intends to prevent significant increases in property tax bills for vulnerable populations, thereby providing them with greater financial security. Notably, the bill ensures that school districts and local governments cannot impose excessive tax increases beyond what was charged on the individual's previous homestead, creating a safeguard against the financial strain of rising property values and tax rates.
Summary
House Bill 862 seeks to amend how limitations on ad valorem taxes imposed by school districts, counties, municipalities, or junior college districts are applied to the residence homesteads of individuals who are elderly or disabled. The primary focus of the bill is the transfer of tax limitations from one homestead to a subsequent homestead that the individual might qualify for, ensuring that the financial burden of property taxes does not unduly increase when moving to a new home. This legislative intent is particularly aimed at assisting those who may downsize or relocate due to age or disability-related reasons.
Contention
Despite the bill's supportive framework for the elderly and disabled, there are points of contention regarding its application and effectiveness. Some critics may argue that the methodology outlined for calculating tax limitations could be complex and lead to administrative challenges for local governments. Moreover, concerns may arise about ensuring compliance and accurately assessing property values in different jurisdictions, particularly as home values fluctuate over time. There could also be discussions about whether the fiscal impacts on local governments are adequately addressed, as they may face constrained revenue growth due to these limitations.
Last_action
The bill was last acted upon during a vote in the House on May 10, 2013, where it received overwhelming support with 143 votes in favor and none against, indicating a strong consensus among legislators about the necessity of protecting this vulnerable demographic from property tax burdens.
Relating to the authority of a taxing unit other than a school district, county, municipality, or junior college district to establish a limitation on the amount of ad valorem taxes that the taxing unit may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses and to the information required to be included in a tax bill.
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.
Relating to the authority of a taxing unit other than a school district to establish a limitation on the amount of ad valorem taxes that the taxing unit may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the authority of a taxing unit other than a school district to establish a limitation on the amount of ad valorem taxes that the taxing unit may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that certain taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that certain taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Proposing a constitutional amendment to authorize a limitation on the total amount of ad valorem taxes that a political subdivision other than a school district, county, municipality, or junior college district may impose on the residence homesteads of persons who are disabled or elderly and their surviving spouses.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that certain taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to a limitation on the total amount of ad valorem taxes that a school district may impose on certain residence homesteads following a substantial school tax increase.
Relating to an increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district, an adjustment in the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in the exemption amount, and the protection of school districts against the resulting loss in local revenue.
Relating to an adjustment of the limitations on school district, county, municipal, and junior college district ad valorem taxes on residential homesteads of elderly and disabled persons 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.
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.
Relating to the authority of a hospital district to establish an ad valorem tax freeze on the residence homesteads of disabled or elderly persons and their surviving spouses.
Relating to the calculation of a limitation on the total amount of ad valorem taxes that may be imposed by certain taxing units on the residence homestead of an individual who is elderly or disabled.
Relating to the calculation of a limitation on the total amount of ad valorem taxes that may be imposed by certain taxing units on the residence homestead of an individual who is elderly or disabled.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that certain taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.
Relating to the establishment of a limitation on the total amount of ad valorem taxes that certain taxing units may impose on the residence homesteads of individuals who are disabled or elderly and their surviving spouses.