86R12340 SMH-F
By: Lucio III H.B. No. 2695
A BILL TO BE ENTITLED
AN ACT
relating to an exemption from ad valorem taxation of a portion of
the appraised value of a residence homestead based on the average
appraised value of all qualified residence homesteads located in
the same county.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 11.13, Tax Code, is amended by adding
Subsection (s) to read as follows:
(s) In addition to any other exemptions provided by this
section, an individual is entitled to an exemption from taxation by
a taxing unit of a portion of the appraised value of the
individual's residence homestead in an amount equal to 10 percent,
or a greater percentage not to exceed 25 percent specified by the
governing body of the taxing unit before July 1 in the manner
provided by law for official action by the body, of the average
appraised value in the current tax year of all residence homesteads
that are located in the same county as the individual's homestead
and that qualify for an exemption under this section. The chief
appraiser shall determine the average appraised value of those
residence homesteads according to the appraisal records as of
August 1, including all corrections and changes made as a result of
actions taken under Section 25.25 and Chapters 41 and 42 as of that
date.
SECTION 2. Section 25.19(b), Tax Code, is amended to read as
follows:
(b) The chief appraiser shall separate real from personal
property and include in the notice for each:
(1) a list of the taxing units in which the property is
taxable;
(2) the appraised value of the property in the
preceding year;
(3) the taxable value of the property in the preceding
year for each taxing unit taxing the property;
(4) the appraised value of the property for the
current year, the kind and amount of each exemption and partial
exemption, if any, approved for the property for the current year
and for the preceding year, including an estimate for each taxing
unit of the amount of the exemption under Section 11.13(s), if
applicable, approved for the property for the current year, and, if
an exemption or partial exemption that was approved for the
preceding year was canceled or reduced for the current year, the
amount of the exemption or partial exemption canceled or reduced;
(5) if the appraised value is greater than it was in
the preceding year, the amount of tax that would be imposed on the
property on the basis of the tax rate for the preceding year;
(6) in italic typeface, the following
statement: "The Texas Legislature does not set the amount of your
local taxes. Your property tax burden is decided by your locally
elected officials, and all inquiries concerning your taxes should
be directed to those officials.";
(7) a detailed explanation of the time and procedure
for protesting the value;
(8) the date and place the appraisal review board will
begin hearing protests; and
(9) a brief explanation that the governing body of
each taxing unit decides whether [or not] taxes on the property will
increase and that the appraisal district only determines the value
of the property.
SECTION 3. This Act applies only to ad valorem taxes imposed
for a tax year beginning on or after the effective date of this Act.
SECTION 4. This Act takes effect January 1, 2020, but only
if the constitutional amendment proposed by the 86th Legislature,
Regular Session, 2019, authorizing the legislature to provide for
an exemption from ad valorem taxation of a portion of the assessed
value of a residence homestead based on the average assessed value
of all qualified residence homesteads that are located in the same
county as the homestead is approved by the voters. If that
amendment is not approved by the voters, this Act has no effect.