Texas 2019 - 86th Regular

Texas House Bill HB4352

Caption

Relating to an increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district, a reduction in the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect the increased exemption amount, and the protection of school districts against the resulting loss in local revenue.

Impact

The implementation of HB4352 is expected to significantly impact local school districts to reflect the increased exemption amount. Specifically, the bill aims to reduce the limitation on school district ad valorem taxes imposed on the homesteads of elderly or disabled individuals. However, to maintain school funding stability amid these changes, provisions have been made to protect school districts against resulting losses in local revenue. The bill aims to assure that funding for educational programs will not be adversely affected despite the changes in tax revenue generated from the increased exemptions.

Summary

House Bill 4352 proposes an increase in the homestead exemption from ad valorem taxation for residence homesteads by school districts in Texas, raising the exemption amount from $25,000 to $50,000. This change aims to alleviate the financial burden on homeowners, particularly benefiting the elderly and disabled individuals by reducing the school district taxes on their residence homesteads. The bill's intent is to provide essential tax relief and support to these vulnerable populations, ensuring they are not disproportionately affected by rising property taxes.

Contention

The proposal does bring forth points of contention, mainly centered around balancing tax relief for residents with the fiscal needs of local school districts. Proponents argue that the increased exemption is necessary to assist low-income homeowners and ensure affordable housing. Conversely, opponents may express concern about the sustainability of funding for education, questioning how lost revenue from decreased taxation will be compensated without impacting the quality of education. These discussions highlight the ongoing conflict between providing tax relief and ensuring adequate funding for essential public services, especially in education.

Latest HB4352 Activity

Companion Bills

TX SB5

Similar To Relating to an increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district, a reduction in the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect the increased exemption amount, and the protection of school districts against the resulting loss in local revenue.

TX HJR137

Enabling for Proposing a constitutional amendment to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district and to reduce the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect the increased exemption amount.

Similar Bills

TX SB1

Relating to certain restrictions on the imposition of ad valorem taxes and to the duty of the state to reimburse certain political subdivisions for certain revenue loss; making conforming changes.

TX HB288

Relating to an exemption from ad valorem taxation by a school district of a portion of the appraised value of a residence homestead based on the median market value of all residence homesteads in this state, a reduction of the limitation on the total amount of ad valorem taxes that may be imposed by a school district on the homestead of an elderly or disabled person to reflect any increase in the exemption amount, and the protection of school districts against any resulting loss in local revenue.

TX HB1679

Relating to an exemption from ad valorem taxation by a school district of a dollar amount or a percentage, whichever is greater, of the appraised value of a residence homestead, a reduction of the limitation on the total amount of ad valorem taxes that may be imposed by a school district on the homestead of an elderly or disabled person to reflect any increase in the exemption amount, and the protection of school districts against the resulting loss in local revenue.

TX SB5

TX HB2268

Relating to a temporary increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district, a temporary reduction in the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect the increased exemption amount, and a temporary protection of school districts against the resulting temporary loss in local revenue.

TX HB190

TX SB3

Relating to providing property tax relief through the public school finance system, exemptions, limitations on appraisals and taxes, and property tax administration.

TX HB5046

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.