Texas House Bill HB2081

Texas 2017 - 85th Regular

Caption

Relating to a local option exemption from ad valorem taxation by a school district of the total appraised value of the residence homesteads of certain elderly or disabled persons.

Impact

If enacted, HB2081 will amend several sections of the Texas Tax Code relevant to the exemption of property taxes imposed by school districts. Specifically, it allows exemptions for residents aged 70 and over or those who are disabled, granted that their governing school district approves the exemption. The bill also permits the surviving spouses of qualifying individuals to continue receiving these tax benefits if they meet specific age criteria. As such, this bill is expected to ease financial pressures on these demographics, affirming the commitment of local governance to support their communities.

Summary

House Bill 2081 proposes a local option exemption from ad valorem taxation for the total appraised value of residence homesteads owned by certain elderly or disabled persons. The bill aims to provide financial relief to these individuals by allowing school districts to adopt an exemption policy that aligns with their local needs. This initiative follows a statewide conversation on the importance of assisting vulnerable populations in managing their housing costs, particularly in the face of rising property values and tax burdens.

Contention

While the bill seeks to provide important tax relief, it has also raised concerns around local fiscal impacts. Critics argue that providing exemptions may lead to funding shortfalls for school districts dependent on property taxes. There are debates about whether local governments should prioritize such exemptions over their broader budgetary needs, potentially affecting educational services and infrastructure. Proponents of the bill counter that the financial relief for residents justifies potential trade-offs, particularly given the enhanced quality of life for the elderly and disabled individuals benefiting from such measures.