| 1 | 1 | | 86R12340 SMH-F |
|---|
| 2 | 2 | | By: Lucio III H.B. No. 2695 |
|---|
| 3 | 3 | | |
|---|
| 4 | 4 | | |
|---|
| 5 | 5 | | A BILL TO BE ENTITLED |
|---|
| 6 | 6 | | AN ACT |
|---|
| 7 | 7 | | relating to an exemption from ad valorem taxation of a portion of |
|---|
| 8 | 8 | | the appraised value of a residence homestead based on the average |
|---|
| 9 | 9 | | appraised value of all qualified residence homesteads located in |
|---|
| 10 | 10 | | the same county. |
|---|
| 11 | 11 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|---|
| 12 | 12 | | SECTION 1. Section 11.13, Tax Code, is amended by adding |
|---|
| 13 | 13 | | Subsection (s) to read as follows: |
|---|
| 14 | 14 | | (s) In addition to any other exemptions provided by this |
|---|
| 15 | 15 | | section, an individual is entitled to an exemption from taxation by |
|---|
| 16 | 16 | | a taxing unit of a portion of the appraised value of the |
|---|
| 17 | 17 | | individual's residence homestead in an amount equal to 10 percent, |
|---|
| 18 | 18 | | or a greater percentage not to exceed 25 percent specified by the |
|---|
| 19 | 19 | | governing body of the taxing unit before July 1 in the manner |
|---|
| 20 | 20 | | provided by law for official action by the body, of the average |
|---|
| 21 | 21 | | appraised value in the current tax year of all residence homesteads |
|---|
| 22 | 22 | | that are located in the same county as the individual's homestead |
|---|
| 23 | 23 | | and that qualify for an exemption under this section. The chief |
|---|
| 24 | 24 | | appraiser shall determine the average appraised value of those |
|---|
| 25 | 25 | | residence homesteads according to the appraisal records as of |
|---|
| 26 | 26 | | August 1, including all corrections and changes made as a result of |
|---|
| 27 | 27 | | actions taken under Section 25.25 and Chapters 41 and 42 as of that |
|---|
| 28 | 28 | | date. |
|---|
| 29 | 29 | | SECTION 2. Section 25.19(b), Tax Code, is amended to read as |
|---|
| 30 | 30 | | follows: |
|---|
| 31 | 31 | | (b) The chief appraiser shall separate real from personal |
|---|
| 32 | 32 | | property and include in the notice for each: |
|---|
| 33 | 33 | | (1) a list of the taxing units in which the property is |
|---|
| 34 | 34 | | taxable; |
|---|
| 35 | 35 | | (2) the appraised value of the property in the |
|---|
| 36 | 36 | | preceding year; |
|---|
| 37 | 37 | | (3) the taxable value of the property in the preceding |
|---|
| 38 | 38 | | year for each taxing unit taxing the property; |
|---|
| 39 | 39 | | (4) the appraised value of the property for the |
|---|
| 40 | 40 | | current year, the kind and amount of each exemption and partial |
|---|
| 41 | 41 | | exemption, if any, approved for the property for the current year |
|---|
| 42 | 42 | | and for the preceding year, including an estimate for each taxing |
|---|
| 43 | 43 | | unit of the amount of the exemption under Section 11.13(s), if |
|---|
| 44 | 44 | | applicable, approved for the property for the current year, and, if |
|---|
| 45 | 45 | | an exemption or partial exemption that was approved for the |
|---|
| 46 | 46 | | preceding year was canceled or reduced for the current year, the |
|---|
| 47 | 47 | | amount of the exemption or partial exemption canceled or reduced; |
|---|
| 48 | 48 | | (5) if the appraised value is greater than it was in |
|---|
| 49 | 49 | | the preceding year, the amount of tax that would be imposed on the |
|---|
| 50 | 50 | | property on the basis of the tax rate for the preceding year; |
|---|
| 51 | 51 | | (6) in italic typeface, the following |
|---|
| 52 | 52 | | statement: "The Texas Legislature does not set the amount of your |
|---|
| 53 | 53 | | local taxes. Your property tax burden is decided by your locally |
|---|
| 54 | 54 | | elected officials, and all inquiries concerning your taxes should |
|---|
| 55 | 55 | | be directed to those officials."; |
|---|
| 56 | 56 | | (7) a detailed explanation of the time and procedure |
|---|
| 57 | 57 | | for protesting the value; |
|---|
| 58 | 58 | | (8) the date and place the appraisal review board will |
|---|
| 59 | 59 | | begin hearing protests; and |
|---|
| 60 | 60 | | (9) a brief explanation that the governing body of |
|---|
| 61 | 61 | | each taxing unit decides whether [or not] taxes on the property will |
|---|
| 62 | 62 | | increase and that the appraisal district only determines the value |
|---|
| 63 | 63 | | of the property. |
|---|
| 64 | 64 | | SECTION 3. This Act applies only to ad valorem taxes imposed |
|---|
| 65 | 65 | | for a tax year beginning on or after the effective date of this Act. |
|---|
| 66 | 66 | | SECTION 4. This Act takes effect January 1, 2020, but only |
|---|
| 67 | 67 | | if the constitutional amendment proposed by the 86th Legislature, |
|---|
| 68 | 68 | | Regular Session, 2019, authorizing the legislature to provide for |
|---|
| 69 | 69 | | an exemption from ad valorem taxation of a portion of the assessed |
|---|
| 70 | 70 | | value of a residence homestead based on the average assessed value |
|---|
| 71 | 71 | | of all qualified residence homesteads that are located in the same |
|---|
| 72 | 72 | | county as the homestead is approved by the voters. If that |
|---|
| 73 | 73 | | amendment is not approved by the voters, this Act has no effect. |
|---|